On its buy-to-let range, at 75% loan-to-value (LTV) two-year fixed rates have been reduced by up to 0.15%. Applicants with a 25% deposit can now access a 2.69% fix with a £1,995 booking fee or a 2.49% rate with a 1.5% booking fee.
Both products are available for remortgage and purchase borrowers. All two-year fixed rates with a £995 booking fee have been withdrawn.
For residential customers a 60% tracker has been added to the range. The product will track the Bank Base Bate by 0.89% above base for two years to give an interest rate of 1.39%. The product is available for purchases and remortgage applications with a £995 booking fee.
All two-year trackers at 75% and 80% LTV have been reduced by 0.15% while two-year trackers at 70% have been withdrawn.
Santander has made a number of changes to its criteria and rates in January. The lender lowered its loan-to-income cap for borrowing over 80% LTV from five times gross income to 4.45 and added a number of high LTV products to its residential range exclusively for first-time buyers.