Alongside the rate changes, residential product fees will increase from £649 to £999 and the lender's fee-free two and five-year fixed rate products in its standard residential range will be withdrawn.
The largest increases are to Santander's 85% LTV products, which have increased by 0.30% to 2.39% fixed for two years and 2.69% for five years.
At 60% LTV, two-year fixed rates now start at 1.49% and five-year fixes from 1.59%. At 75% LTV, Santander's two-year fixed rate has increased to 1.69% and its five-year fixed rate now starts at 1.79%.
Help to Buy rates have also risen by up to 0.30%, while selected fees have increased to £999. The largest increase is to Santander's fee-free 75% LTV five-year fix which has risen from 2.04% to 2.34%. 60% LTV two and five-year rates have increased by 0.10% and 75% LTV two-year fixed rates have risen to 1.74% with a £999 fee or 2.14% fee-free.
Large loan rates for purchase and remortgage have risen by up to 0.25%, with a two-year 60% LTV product now starting at 1.59% and a five-year fix rising to 1.69%. At 75% LTV, two-year fixed rates have increased to 1.79% and five-year fixed rates to 1.89%. All large loan products come with a £2,499 fee.
Buy-to-let rates for purchase and remortgage have increased by up to 0.30%
At 60% LTV, a two-year fixed rate with a £1,499 fee has risen by 10bps to 1.49%. Fee-free two-year fixed rates now start from 2.14% and five-year rates from 2.29%, an increase of 30bps.
At 75% LTV, products have increased by between 20 and 30bps. Two-year fixed rates now start from 1.69% with a £1,499 fee or 2.39% fee-free, while a five-year fixed rate starts from 2.69% with no fee.
