Santander is cutting mortgage rates for the third time this month, from tomorrow.

The bank is lowering fixed rates across its residential and buy to let new business and product transfer ranges, by up to 0.29%. All products are available to customers applying through brokers or directly

For home movers:

• all 2-year fixed rates between 60% and 95% loan-to-value (LTV) are down by up to 0.14%, with rates beginning at 3.55%;

• 3-year fixed rates at the same LTV tiers have been reduced by up to 0.29% and now start from 3.60%. 

• 5-year fixed rates have fallen by up to 0.09%, with pricing from 3.76%.

For first-time buyers:

– reductions of up to 0.14% on 2-year fixed products at 90% and 95% LTV, with rates starting at 4.28%; 

• 5-year fixed rates at 85% and 95% LTV have been cut by up to 0.12% and start from 4.24%.

For residential remortgage customers:

• 2-year fixed rates between 60% and 90% LTV have been reduced by up to 0.14%, with pricing from 3.62%; 

• 3-year fixed rates at 60% to 75% LTV now start at 3.80% following reductions of up to 0.12%;

• 5-year fixed rates across 60% to 90% LTV have been lowered by up to 0.11% and begin at 3.80%.

For Buy to let customers:

• cuts up to 0.18% on 2-year fixed rates at 60% to 75% LTV, with pricing beginning at 3.80%; 

• 5-year fixed rates at the same LTV tiers now start from 4.01% following cuts of up to 0.11%.