Santander is increasing interest rates on its 85 per cent loan to value (LTV) range and adding a new product.
The lender currently has two products available at 85 per cent LTV – the highest LTV it offers for new business purchase and remortgage.
From 13 October both the two- and five-year fixed rate deals which have a £999 fee will be increased by 20 basis points to 2.99 per cent and 3.14 per cent respectively.
Santander is also adding a three-year option to its range at the same time.
This will also be at 2.99 per cent and has a £999 fee.
