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. Its 90% LTV five-year fixed homemover rates fell by 19bps, with the £1,499 fee deal reducing to 5.25%, while the fee-free option dropped to 5.4%.
Within the BTL range, the biggest cut was a 16bps reduction to the 75% LTV five-year fixed purchase product with a £1,749 fee, which decreased to 5.15%. The lender also reduced its 75% LTV two-year fixed purchase rate with the same fee by 11bps to 4.99%.
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NatWest increases rates up to 30bps
NatWest will increase rates across a number of BTL and residential products from 3 October.
Within its BTL range, the lender will raise selected two-year fixed purchase rates by up to 30bps.
This includes its 75% LTV deal with a £3,499 fee, which will increase from 4.61% to 4.91%, and its 65% LTV Green purchase product with a £995 fee, which will rise from 4.8% to 5.06%.
In the residential purchase range, selected two-year fixed rates will increase by up to 15bps.
The largest increase applies to the 95% LTV fee-free product, which will rise from 5.73% to 5.88%, while the 75% LTV fee-free product will increase from 5.36% to 5.51%.
Several five-year fixed residential purchase products will also see rises. The 95% LTV fee-free rate will increase by 23bps from 5.54% to 5.77%, while the 90% LTV fee-free product will rise by 7bps from 5.39% to 5.46%.
For first-time buyers, NatWest will increase selected two-year fixed rates by up to 11bps. Its 85% LTV fee-free product with £250 cashback will rise from 5.49% to 5.6%, while the 90% LTV fee-free deal with £250 cashback will increase from 5.53% to 5.63%.
Across the remortgage fixed rate range, increases are focused on higher-LTV products. The largest rise is on the 90% LTV five-year fixed remortgage product with no fee, which will increase by 23bps from 5.53% to 5.76%, while the 85% LTV equivalent will rise by 19bps from 5.5% to 5.69%.
Clydesdale ups rates by 17bps
Clydesdale will increase its residential fixed rates from 5 October.
Selected two- and five-year fixed rate products will be increased by up to 0.17%.
