The changes come into force from tomorrow.
On the new business residential purchase-only side, rates between 60 and 95 per cent loan to (LTV) have fallen by as much as 0.16 per cent.
This includes its five-year fixed rate with £999 fee at 85 per cent LTV that has decreased by 0.16 per cent to 4.34 per cent.
In its residential remortgage-only range, decreases of up to 0.19 per cent have been applied.
Its five-year fixed rate at 60 per cent LTV with £999 fee is now 3.99 per cent, a fall of 0.19 per cent, and adds Santander to the roster of lenders who have sub-four per cent deals on the market.
The lender’s no-fee two-year fixed rate at 75 per cent LTV in this range has gone down by 0.17 er cent to 4.79 per cent.
Residential large loan purchase and remortgage deals have been cut by 0.2 per cent. Its two-year fixed rate at 70 per cent LTV with £2,499 fee now stands at 5.59 per cent.
The lender’s new build deals have decreased by up to 0.1 per cent, including its 2.5-year fixed rate with £999 fee at 85 per cent LTV which is priced at 4.83 per cent.
On the buy-to-let side, purchase and remortgage, as well as remortgage only, have fallen by around 0.3 per cent.
Its two-year purchase and remortgage fixed rate with £1,499 fee has decreased by 0.3 per cent to 5.19 per cent.
Its two-year remortgage only fixed rate at 75 per cent LTV has gone down by 0.2 per cent to 5.59 per cent. Its £349 fee has been removed.
Help to Buy products have been withdrawn ahead of purchases under this scheme needing to complete by 31 March 2023.
Santander said that product transfer residential fixed rates will fall by up to 0.19 per cent and buy-to-let rates will contract by up to 0.3 per cent.
The lender is also adding no-fee seven-year fixed rates and residential two-year trackers up to 75 per cent LTV will fall by 0.05 per cent.
Product end dates and completion deadlines will be extended by one month.
