Santander has reduced all standard residential fixed rates by between 0.17% and 0.82%, resulting in the introduction of sub-4% products.
Selected residential new business and product transfer rates at 60% LTV are now below 4%.
A 60% LTV five-year fixed remortgage product with a £999 fee is now available at 3.89% with a purchase equivalent starting at 3.94%.
All new build exclusive fixed rates have reduced by between 0.21% and 0.56% and all large loan fixed rates have been cut by 0.25%.
All buy-to-let two and five-year fixed rates have also decreased by between 0.21% and 0.56%.
For product transfers, all residential rates have reduced by between 0.04% and 0.82% and buy-to-let rates are down by between 0.15% and 0.56%.
Santander is withdrawing all buy-to-let three-year fixed rates as part of the changes.
In addition, new business and product transfer completion deadlines and charge end dates will roll on by one month.
