Santander for intermediaries has reintroduced its home loans range today, with residential mortgages rising by as much as 69 basis points and buy-to-let deals up to 20bps higher for product transfers.  

Highlights of the bank’s new product transfers include:  

• All residential fixed-rate offers rise by between 30bps and 69bps  
• All BTL rates rise by 20bps  

The lender says brokers should log on to its online mortgage transfer service in introducer internet to view a choice of rates — they will not appear on sourcing systems.  

It adds: “If you’re happy to use an estimated loan to value, you can find the full range in the product transfer rate bulletin on our latest rates page from Wednesday 14 June.”  

The bank says that it must receive requests for products in the product transfer rate bulletin, effective 8 June, by 10pm on Tuesday 13 June. They will not be available after this time.  

It points out: “As our rates are increasing, we don’t expect to see any cancellations for pre-booked deals starting in July.   

“Our usual post-acceptance cancellation policy and timescales will apply from Wednesday 14 June.   

“However, if you want to submit a cancellation for a replacement product from the 8 June range, you need to do this by 4pm on Tuesday 13 June.”  

For new business home loans, the firm says it has, “a new range of fixed and tracker rates for residential and BTL clients”.  

The move comes after the lender temporarily withdrew its residential and landlord loans on Monday, in a fast-moving market, with swap rates rising on ‘higher for longer’ Bank of England base rate expectations after disappointing inflation figures late last month.  

The post Santander returns to market with higher resi and BTL rates   appeared first on Mortgage Strategy.