Santander has adjusted the rates across its new business residential and Help to Buy mortgages.
Increases of up to 0.15 per cent have been made to two and five-year fixes at 60 to 75 per cent loan to value (LTV).
The largest increases have been made to two-year fixed products including the 60 per cent LTV deal with no fee, which now has a rate of 1.44 per cent up from 1.29 per cent.
For the remortgage option at the same tier with a £999 fee, the rate has risen by the same amount to 1.29 per cent, while the 75 per cent LTV equivalent has gone up to 1.34 per cent.
Santander’s Help to Buy purchase products at 60 per cent LTV fixed for either two or five years have risen by up to 0.09 per cent.
The bank has also reduced rates on higher LTV products, such as the two-year fixed purchase product at 90 per cent LTV with a £749 fee. This has a rate of 1.74 per cent, down from 1.82 per cent.
Five-year fixes between 85 and 95 per cent LTV have been cut by up to 0.16 per cent, with the headline reduction being made to its mortgage guarantee product which now has a rate of 3.09 per cent.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS