Santander for Intermediaries trims residential and BTL deals by up to 50bps

The lender adds it is withdrawing its 95% loan to value two-year fixed-rate deal, although the 95% LTV two-year tracker and five-year fixed-rate offer remains.  

Among its product transfers, it has cut all residential five-year fixed rates by between 5 basis points and 25 basis points and will withdraw all seven-year fixed-rate loans. From tomorrow, product transfer rates will be available for customers whose existing deal ends before 5 March next year.  

Highlights among the lender’s residential purchase-only range include a 75% LTV five-year fixed-rate loan at 5.49%, with a £999 fee – reduced by 50 basis points.  

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Santander for Intermediaries trims residential and BTL deals by up to 50bps
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