Nationwide, HSBC and Kensington raise rates

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Nationwide, HSBC UK and Kensington Mortgages are all raising rates in the coming days.

Nationwide has increased rates across its existing business range from today, 24 July.

The increases are mostly on switcher and additional borrowing products.

Nationwide’s two-year fix at 75% LTV is now 4.68%, its three-year fix at 60% LTV is 4.58% and at 80% LTV the new rate is 4.89%.

The lender’s five-year fix at 75% LTV has risen to 4.76%, to 4.89% at 80% and 85% LTV and to 5.04% at 90% LTV.

The lender is not increasing rates for existing borrowers moving house, or on shared equity loans.

HSBC UK will be increasing rates across its residential and buy-to-let ranges from 27 July, but has not given further details.

Similarly, Kensington Mortgages will be raising rates on 27 July by up to 15bps on its 75% LTV buy-to-let products.

The changes mean a five-year fixed buy-to-let, prime, eKo and core loan from Kensington will go up by 15bps, both with and without the £4,000 fee.

The lender will be making 10bps increases to its five-year buy-to-let, prime, eKo and core mortgages with a £1,499 fee.

These increases follow recent similar rises from NatWest, Halifax, TSB, Barclays, HSBC, Skipton Building Society and Santander.


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