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Santander has announced a big change to loans - effective today . Santander is rolling out new business and product transfer fixed rates - and made changes to large loan products, the high street bank says.

Santander will be reducing rates across its residential and buy-to-let range for New Business and Product Transfers by up to 0.36%.

The lender will be introducing a new range of large loan products for residential remortgage and product transfer customers, with a loan size between £500,000 and £5 million.

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It is also simplifying the minimum loan size in its standard residential remortgage range to £25,000.

The rate changes continue to support those customers who choose to stay with the lender

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