The changes to Santander products come into effect from today.
The deals include five-year fixed residential rate at 60 per cent loan to value (LTV) priced at 4.19 per cent.
The lender has also added a five-year fixed rate at 85 per cent LTV with a rate of 4.45 per cent.
Both of the above products come with a £1,499 fee.
On the buy-to-let side, Santander has brought out a five-year fixed rate at 75 per cent LTV at 4.99 per cent. This is subject to a £1,999 fee.
Coventry BS enhances high LTV deals
Coventry Building Society has cut five-year fixed rates at 90 to 95 per cent LTV and launched two and three-year fixed rates at the same LTV tier.
Several products aimed at first-time buyers specifically come with £500 cashback.
New deals include no-fee two-year fixed rate at 90 per cent LTV priced at 5.5 per cent, available to first-time buyers only, and comes with £500 cashback.
The lender has also added a five-year fixed rate at 90 per cent LTV with £999 fee with a rate of 4.81 per cent. This is available for purchase and remortgage.
Coventry Building Society has repriced trackers across at LTV tiers “relative to the market”.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve enhanced our higher LTV products with a particular focus on supporting first time buyers. We’ve provided more competitive rates and increased options to help people find the best solution to getting a foot on the ladder.
“We want to give brokers a range of products to discuss with all their clients, so we’ve similarly reduced rates and added more options across the entire 90-95% range.”
