Santander adds 3-year resi loans, cuts home and BTL prices by up to 25bps  

Santander has launched three-year residential fixed-rate deals and cut home and landlord loans by up to 25 basis points.

The high street bank’s three-year residential fix between 60% loan to value and 75% LTV, starts at 4.99%, with a £999 fee, or 5.25%, with no fee.

Highlights of its new business reductions include:

• Cut to most of its standard fixed rates across purchase and remortgage ranges by between 2bps and 22bps
• All residential large loan exclusive fixes reduced by between 10bps and 15bps
• Selected buy-to-let fixed rates reduced by between 5bps and 25bps

Highlights of its product transfer reductions include:

• Selected residential fixed rates reduced by between 5bps and 23bps
• Selected Buy to Let fixed rates reduced by between 5bps and 20bps

The bank adds that new business and product transfer completion deadlines will roll on by one month.