High street lender Santander has lowered select new business and product transfer rates by up to 0.29% with sub-4% deals available.
The changes to its new business and product transfer rates will come into force from 17 September and its lowest 60% loan to value (LTV) residential purchase fixed rates with a £999 fee will be a two-year deal at 3.99%.
The lender’s cheapest three-year fixed rate will come to 3.94% and its five-year fixed rate will stand at 3.80%.
Santander said that in its new business range, selected standard residential fixed rates were reducing by between 0.02% and 0.29% for purchases and remortgages, while all new business new build fixed rates will fall by around 0.04% and 0.23%.
The firm continued that all new business buy-to-let year fixed rates will decrease by between 0.05% and 0.09%.
Also, on the buy-to-let side, Santander will bring out a new 75% LTV buy-to-let two-year tracker rates for purchases and remortgages, and it will withdraw its one-year fixed buy-to-let rate at 75% LTV. This applies to its new business and product transfer range.
Within its product transfer range, the firm said that selected residential fixed rates will fall by around 0.04% and 0.2% while selected buy-to-let fixed rates will contract by around 0.08% and 0.09%.
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.
