Santander increases mortgage rates by up to 0.34%, cuts others by 0.29%

From tomorrow, Santander is making a number of changes across its new business and product transfer ranges, including residential fixed rate increases of up to 0.34% and reductions of up to 0.29%. 

In its new business range, selected fixed rate purchase and remortgage rates are reducing by up to 0.29%, with standard residential fixed rates across purchase, remortgage and green ranges rising by up to 0.34%.

Most new build new rates are increasing by up to 0.20% with other new build fixed rates reducing by up to 0.16%.

In addition, all large loan fixed rates are increasing by up to 0.14%.

In its buy-to-let range, Santander is increasing new business and product transfer fixed rates, including green products, by up to 0.20%.

For product transfers, selected residential rates will reduce by up to 0.15% with other residential fixed rates increasing by up to 0.18%.

Selected buy-to-let product transfer rates are rising by up to 0.15%.

As part of the changes, Santander is withdrawing its two-year fixed rates for purchase clients with a maximum loan size of £250,000.