Santander increases residential rates by up to 0.33%

The bank has also withdrawn buy-to-let tracker products and increased its maximum residential loan size.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
14th May 2024
Santander sign

From today, Santander is increasing selected residential fixed rates in the new business range as well as selected residential and buy-to-let product transfer rates.

In its purchase range, selected fixed rates have risen by between 0.04% and 0.33% for purchases and remortgages.

In addition, the lender has introduced a new 75% LTV buy-to-let two-year tracker rate at 5.64% with a £1,999 product fee.

All other buy-to-let tracker products are being withdrawn.

In its product transfer range, selected residential fixed rates have increased by between 0.08% and 0.23% and selected buy-to-let fixed rates by between 0.11% and 0.15%.

The new 75% LTV tracker at 5.64% will also be available for product transfers, and all other two-year tracker products have been withdrawn.

In addition, Santander is increasing the maximum loan size on selected residential fixed rates from £570,000 to £1 million at 90% LTV.

As part of the latest changes, new business and product transfer completion deadlines and charge end dates will roll on by one month.

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.