Santander lowered its two-year and five-year fixed rates at 85% to 95% loan value (LTV).
Cuts include 90% of the bank’s LTV home retweets for five-year fixed interest rates, with fees of £999 and £250 cash back, at 4.40%.
For first-time buyers, all 85% to 90% of LTV’s two- and five-year fixed rates were reduced by 0.15%, while 95% of LTV’s five-year fixed rates were reduced by 0.22% to 4.85%, with no fees and £250 cash back.
The Santanders also lowered the two- and five-year fixed interest rates by as much as 0.10%.
For product transmissions, selected residential and five- and five-year fixed rates have been reduced by 0.10%.
Meanwhile, all purchases from Lendinvest have reduced the price of LET (BTL) products by 10 basis points.
The change means that the minimum interest rate for lenders will start at 3.44% over the two-year fixed period.
The slowdown will cover the entire BTL range, including expats, bridges to LETs and product transfers.
The lender will also contribute up to £500 for legal fees on all bridge loans.
Elsewhere, Hodge lowered its choice rates during the holidays, reducing the scope of mortgages for new and existing customers.
Professional lenders cut their two-year fixed-rate holiday by 0.20% of new businesses and 0.15% of products retained.
last month, Hodge relieves burden-bearing stress rate calculationwhich will allow it to grant loans of nearly 20% to average customers.
