Residential and buy-to-let rates are reducing by up to .29%. Santander is reducing selected residential and buy-to-let fixed rates in its new business and product transfer ranges.
Available from tomorrow, selected residential new business rates will be reduced by between 0.03% and 0.27%, and selected new build exclusive fixed rates will decrease by between 0.05% and 0.29%. Additionally, selected buy-to-let fixed rates are reducing by between 0.05% and 0.17%.
In terms of product transfers, selected residential fixed rates will be reduced by between 0.03% and 0.10% and selected buy-to-let fixed rates by up to 0.17%.
Speaking out qualified brokers welcomed the news and said the fact that a lender the size of Santander has cut should trigger other lenders to follow suit.
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Link to Original Article: Financial Reporter - Santander reduces new business and product transfer rates