Santander for Intermediaries has reduced rates across its residential, new-build and buy-to-let (BTL) ranges, with cuts of up to 25 basis points (bps). The largest reduction was a 25bps cut to selected 90% loan-to-value (LTV) two-year fixed remortgage products. The 90% LTV deal with a £1,499 fee fell to 5.46%, while the equivalent products with £999 and £499 fees decreased to 5.5% and 5.61% respectively. In its homemover range, selected 90% LTV two-year fixed rates were reduced by 22bps. This included the £1,499 fee product, which fell to 5.26%, and the £999 fee option, which decreased to 5.33%. Santander also lowered a number of five-year fixed products.
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