Its 60% LTV 2-year fix has been slashed by 0.31% to 1.94% and its 70% LTV 5-year fix has been reduced by 0.30% to 2.99.
Santander has also unveiled two fee-free trackers at 2.49% to 70% LTV and 2.89% to 80% LTV, while its 60% LTV tracker has been reduced by 0.10% to 1.84% with a £995 fee.
Miguel Sard, head of Santander Mortgages, said: “These are highly competitive new rates which positions Santander as the mortgage provider of choice for homeowners across the UK.
“Whether borrowers have larger or smaller deposits, are looking for the security of fixed rates or want the flexibility of our zero-fee and ERC-free tracker rates, we have a product that is just right for everyone.”
Rates have also been cut for Santander current account customers, as 2-year fixes to 70% LTV now stand at 2.09% with a £495 fee.
The new products are available via intermediaries and direct.