Santander for intermediaries will cut selected standard residential and all new build exclusive fixed-rate purchase deals by up to 45 basis points from tomorrow (18 January).
Highlights of the high street lender’s reductions cover:
New business
- Selected standard residential purchase fixes down by between 5bps and 45bps
- All new build exclusive fixes down by between 17bps and 35bps
However, the bank says that selected 60% loan to value and 75% LTV first-time buyer exclusive fixes, with £500 cashback, will be withdrawn.
It adds that there will be no changes to the new business tracker and buy-to-let rates, or the product transfer range.
The lender tells brokers that they must submit new business applications on its current range by 10pm on Wednesday 17 January.
