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Santander to cut new business and product transfer rates and add BTL deals

Anna Sagar
Written By:
Posted:
October 23, 2023
Updated:
October 23, 2023

Santander will lower selected residential fixed and tracker rates in the new business and product transfer ranges, along with buy-to-let products, and is adding a range of three-year fixed buy-to-let deals.

The changes will come into force tomorrow.

On the new business side, certain standard residential fixed rates will reduce by between 0.06 per cent and 0.56 per cent.

Selected new build exclusive fixed rates will fall by around 0.27 per cent and 0.56 per cent.

All residential large loan exclusive fixed rates will do down by between 0.25 per cent and 0.30 per cent and all standard residential tracker rates are reducing by 0.10 per cent.

All buy-to-let fixed rates will decrease by between 0.10 per cent and 0.32 per cent.

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The lender has also brought out new buy-to-let three-year fixed range up to 75 per cent loan to value (LTV) with or without a product fee.

Santander’s buy-to-let range with a £749 product fee is being withdrawn.

Within its product transfer range, selected residential fixed rates will go down by between 0.05 per cent and 0.35 per cent and selected residential tracker rates will fall by 0.10 per cent.

Selected buy-to-let fixed rates will decrease by 0.22 per cent.