Santander will increase select new business standard and large loan fixed rates by up to 0.46 per cent and will withdraw select residential deals at 60 per cent loan to value (LTV).
The lender said that from tomorrow, it will increase all standard and large loan fixed rates in its new business range.
Santander added that it would increase the pay rate for trackers in line with the latest Bank of England base rate increase of 0.5 per cent.
The lender said that it would also withdraw all its standard residential 60 per cent LTV fixed rates, but 75 per cent LTV rates are still available.
Santander said that standard residential purchase rates would rise by between 0.05 per cent and 0.25 per cent, while standard residential remortgage rates will go up by between 0.05 per cent and 0.46 per cent.
Large loan residential purchase fixed rates will rise by 0.2 per cent and large loan remortgage fixed rates will go up by around 0.32 per cent.
On the buy-to-let side, purchase fixed rates will increase by between 0.2 per cent and 0.32 per cent and remortgage fixed rates will rise by around 0.2 per cent and 0.42 per cent.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
