Santander has reduced rates on its 95% LTV two-year fixed Help to Buy mortgage by 0.40 percentage points to 4.49% with a zero booking fee.

In addition, rates have been cut on Santander’s 90% LTV two-year fixed mortgage by 0.30 percentage points to 3.69%. For Loyalty range customers the rate is now 3.59% with zero booking fee.

Santander has also made rate cuts of 0.10 percentage points across its 60% LTV five-year fixed, 70% LTV two-year fixed and this includes both standard and Loyalty customers.

Miguel Sard, head of Santander Mortgages, said: “We know that taking that first step towards purchasing a property can be difficult, and for those people that have managed it, climbing up the property ladder can also be tough. We hope these high LTV products and reduced rates will go towards helping people secure their ideal home.

“For customers who want a high LTV product, these now come with free valuation and don’t have a booking fee, it’s another way we hope to support our customers and provide them with the best mortgage deal.”