Santander increases majority of residential and buy-to-let rates

From tomorrow, Santander is increasing most of the residential and buy-to-let fixed rates across its new business and product transfer ranges by up to 0.31%. 

This follows reductions of up to 0.36% across all residential and buy-to-let rates last week.

Selected standard residential fixed rates across purchase, remortgage and green products are increasing by up to 0.29%.

All large loan fixed rates are rising by up to 0.20% and all new build fixed rates by up to 0.26%.

In addition, selected buy-to-let and green buy-to-let fixed rates are increasing by up to 0.31%.

Across Santander's product transfer range, selected residential fixed rates will increase by up to 0.26% and selected buy-to-let fixed rates by up to 0.31%. 

The pay rates on all new business and product transfer tracker rates are decreasing by 0.25% to reflect the recent Bank of England base rate decrease from 5.00% to 4.75%. Santander's SVR will also reduce by 0.25% to 7.00%.

For existing customers who are on a base rate tracker, including follow-on rate or standard variable rate, the rate will decrease by 0.25% from 3rd December.