Santander UK has made reductions to selected fixed rates across its buy-to-let, remortgage and purchase range, while TSB announced that it will cut fixed-rate home loans by up to 40 basis points.
Elsewhere, Barclays will also lift rates by up to 30bps and cut prices by 10bps across a range of residential purchase and remortgage rates.
Santander will lower its 75% loan-to-value (LTV) two-year fixed residential remortgage with a £999 fee by 0.27% to 4.89%.
The lender will also reduce the 75% LTV three-year fixed rate residential remortgage with a £999 fee by 0.28% to 4.77%.
In the Santander BTL range, the 75% LTV two-year fixed rate remortgage with a £1,749 fee is being reduced by 0.20% to 4.96%.
And the 60% LTV two-year fixed rate remortgage with a £1,749 fee is also being lowered by 0.16% to 4.82%.
Finally, the 85% LTV residential purchase mortgage with no product fee, which is part of the lender’s 5-year fixed rate product range, will be reduced by 0.10% to 5.01%.
The cuts announced by Barclays will cover:
Existing product Increases
Residential
Purchase only
Premier three-year 60% LTV fixes, with a £999 product fee, rise by 25bps to 4.57%
Remortgage only
Great Escape two-year 75% LTV fixes, with no product fee, rise by 25bps to 5.17%
Purchase and remortgage
Two-year 60% LTV fixes, with a £1,999 product fee, rise by 30bps to 4.91%
Existing Customer Reward range
Existing product Increases
Residential
EMC Reward two-year 60% LTV fixes, with a £999 product fee, will rise by 15bps to 4.75%
Residential
Purchase only
Five-year fixes, with a £999 product fee, will fall by 10bps to 4.90%
Meanwhile, TSB will cut rates in the following:
Residential
Two- and five-year first-time buyer and home mover fixes from 75%-95% loan to value, reduced by up to 40bps
Three-year FTB and home mover fixes up to 90% LTV, reduced by up to 35bps
Reintroduces two-year tracker FTB and home move and remortgage products
Two-year remortgage fixes from 75-90% LTV, reduced by up to 25bps
Five-year remortgage fixes up to 90% LTV, reduced by up to 20bps
Shared ownership rates reduced by up to 40bps
Shared equity rates reduced by up to 25bps
Buy to Let
Reintroduces two-year tracker house purchase and remortgage products
Yesterday, Halifax also announced that it will be cutting rates on home mover and first-time buyer products by up to 19 points on Friday, which will cover two and 5-year fixed rate deals.
