Halifax and BM to raise rates again tomorrow Mortgage Finance Gazette

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Halifax and BM Solutions are increasing rates by up to 15 basis points tomorrow.

At Halifax, fixed rates are increasing across its residential range for purchase, remortgage and product transfer.

For borrowers purchasing a new home, all two and three-year fixed rates are rising by up to 15bps, as well as five-year fixes by up to 5bps.

Its remortgage range will see increases of up to 15bps on all fixed rates.

Product transfer and further advance two, five and 10-year fixes will also climb by up to 15bps.

At the same time, the lender is extending complete-by dates.

BM Solutions, the buy-to-let arm of Lloyds Banking Group, is also raising prices tomorrow.

Personal ownership buy-to-let and let-to-buy two-year fixed rates are increasing by up to 15bps and three-year rates by up to 10bps.

For product transfer and further advance, two and five-year fixed rates are rising by up to 10bps.

The price hikes come as figures from Moneyfacts revealed that the average two-year fixed rate is now 101bps higher than it was before the outbreak of war at 5.84% this morning.