Santander has reduced fixed rates for new contracts and product transfers.
The lender has reduced rates on its residential and buy-to-let (BTL) range for new business and product transfers by up to 0.36%.
The three-year 75% LTV fixed rate with a £999 fee and a £250 mover cashback rate has been reduced by 0.36% to 3.96%.
It has also reduced products for first-time buyers with two- and five-year LTV rates of 85% and 90% by up to 0.16%.
In addition, Santander has added a new minimum loan size of £25,000 for all remortgages with a £999 fee.
All 60%, 75%, 85% and 90% LTV two- and five-year fixed interest rates have been reduced by up to 0.13%, in addition to the launch of new products with prices starting from 3.73%.
The large loan with a 60% LTV over two years at a fixed interest rate of 3.73% with a fee of £1,999. It comes with a minimum loan size of £500,000 and a maximum loan size of £2 million.
It has also added a large loan with a two-year fixed rate LTV loan of 3.85% with a fee of £1,999. It comes with a minimum loan size of £500,000 and a maximum loan size of £2 million.
Rates have also been reduced on new construction and BTL products.
The two-year fixed rate BTL purchase at 60% LTV with a £1,749 fee has been reduced by 0.05% to 3.94%.
It has also reduced the price of its two-year fixed BTL remortgage rate 65% LTV with a £1,749 fee by 0.10% to 3.96%.
Elsewhere, NatWest has introduced pricing changes for its new business, existing customers and additional lending options.
Within the lender’s purchasing range, it has reduced the two-year fixed rate on a 60% LTV by 17 basis points from 3.94% to 3.77%. This will incur a product cost of £1,495.
The two-year fixed remortgage rate at an LTV of 75% has been reduced by 18 basis points from 4.15% to 3.97% and comes with a product fee of £1,495.
For FTBs, NatWest has reduced the price of its five-year fixed rate at 85% LTV by 8 basis points from 4.25% to 4.17%. This has a product fee of £995 and comes with £250 cashback.
Rates have also been reduced on the lender’s Help to Buy shares, Green, Green BTL, BTL and standalone top-up loans.