Santander cuts rates

The revamped residential range sees Santander offer a 1.39% 2-year fixed, 60% LTV product with a £1495 booking fee and a 4.24% 3-year fixed, 90% LTV with no booking fee.

The lender has also relaunched its large loan mortgages, offering customers a higher maximum loan size plus a wider range deals.

This includes a new range of 60% LTV fixed mortgages starting from 1.69% 2-year fixed rates at 60% LTV with a £1995 booking fee. Maximum loan sizes have increased to £3m.

Miguel Sard, head of mortgages, Santander said: “We know that different customers want different things, which is why our new range supports buy-to-let landlords, offers competitive rates on our residential products, including larger loans and rewards customers loyalty.

“We have some of the lowest rates available in the market and want to support every customer secure the best mortgage to meet their needs.”