Two of the lender’s Help to Buy mortgage guarantee products have been re-priced. The two-year fixed rate product will increase from 5.24% to 5.49% while the two-year tracker goes from 4.74% to 4.99%.

Santander has also increased its five-year fixed Help to Buy equity loan product from 3.44% to 3.64%. The product is available up to 75% LTV and has no booking fee.

The changes come into effect on Monday 2 June.

The lender has also introduced a five-year fixed buy-to-let product at 70% LTV with a 4.14% rate and £1,495 booking fee. Santander said the product is targeted at non-professional landlords with seven properties or fewer.