Santander is cutting 230 rates by up to 25 basis points on Tuesday across both residential and buy-to-let products. It follows previous rate cut announcements by NatWest this morning and by Nationwide, Barclays and others earlier this week. Among the biggest cuts at Santander, a 90% loan-to-value two-year fixed for first-time buyers with a £999 fee and £250 cashback will fall by 25bps, from 5.14% to 4.89%. A 95% LTV 10-year fixed for home movers with no fee and £250 cashback will come down by 25bps, from 5.95% to 5.7%. An 85% LTV two-year fixed for first-time buyers with a £999 fee and £250 cashback will fall by 24bps, from 5.07% to 4.83%.