Santander has launched a range of smaller deposit loans and withdrawn another of its sub-4% rates.
The lender has introduced 85%, 90% and 95% loan-to-value (LTV) home mover only fixed rates with a £250,000 maximum loan size.
It has also added two separate ranges to support first-time buyer and home mover clients. The FTB range will include standard, large loan and new build products.
Elsewhere, Santander has announced the withdrawal of its 3.99% residential purchase, remortgage and product transfer two-year fixes.
This is not the first withdrawal, Santander pulled its five-year fixed rate business and product transfers at 3.99% for intermediary and direct borrowers a week after they were launched.
These include the residential purchase 60% LTV two-year fixed at 3.99% with a fee of £1,999 and the residential remortgage 60% LTV two-year fixed at 3.99% with a fee of £1,749.
It will also make reductions of up to 0.16% to the majority of its home mover fixed rates, while make rate increases to most of its remortgage rates by up to 0.10%.
In the lender’s product transfer range, reductions will be made of up to 0.06% and increases of up to 0.09%.
Meanwhile, MPowered Mortgages has cut its two and three-year fixed-rate mortgages.
For new purchase customers, two year purchase fixed rates now start at 4.29%, down from 4.34% at 60% LTV with £999 fee and at 4.53%, down from 4.59% with no fee.
Three-year purchase fixed rates now start at 4.12%, down from 4.14%, at 60% LTV with a £999 fee and 4.28%, down from 4.29%, with no fee.
MPowered Mortgages chief executive officer Stuart Cheetham says: “Since the news on inflation last week, we’ve seen swap rates return to a lower level to what we saw before, giving a more positive outlook for borrowers.”
“The good news is that falling swap rates mean lenders can reduce mortgage rates, as we are doing today, which will be welcome news for borrowers especially given the upcoming stamp duty changes.”
