Santander lifts rates for second time in a week   – Mortgage Strategy

Santander for intermediaries will lift selected residential fixed-rate home loans and all landlord new business offers by up to 26 basis points from tomorrow (3 May).  

The move is the second rate rise by the bank in a week.  

The firm’s price rises cover:  

New business  

• Selected residential fixes will rise by between 2bps and 26bps for purchases and remortgages  
• All buy-to-let fixes will rise by between 5bps and 22bps  

The lender will not change its large loan or tracker rates, or the product transfer range.  

Last Friday, the firm lifted its new business and product transfers for residential and landlord loans by up to 25bps.  

The move by the bank comes as a range of major lenders lift rates as money markets bet that the first Bank of England base rate cut may be pushed back into the second half of the year.