Santander is increasing interest rates on its 85 per cent LTV purchase and remortgage products from 22 July.

Four deals at 85 per cent LTV are increasing by 0.15 per cent – a pair of two-year fixes and a pair of five-year fixes.

The two-year fee free deal is increasing to 2.19 per cent while the £999 fee product will rise to 1.89 per cent.