Platform increases rates by up to 44 bps in reprice | Mortgage Strategy

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Platform is increasing rates by up to 44 basis points on some products on Wednesday as part of a major reprice.

The lender is also cutting rates on a number of deals.

Within the lender’s new business range it is making the following changes:

Mainstream 

  • Two, three and five-year fixed rate products at 60% to 75% LTV increased by up to 42 bps
  • Two-year fixed rate products at 80% and 85% LTV with £1499 fee increased by up to 3 bps
  • Two, three and five year fixed rate products at 95% LTV reduced by up to 26 bps
  • Five-year fixed rate product at 60% to 80% LTV with £1999 fee increased by up to 32 bps

Help to Buy 

  • Two-year fixed rate products at 60% to 75% LTV with £999 fee increased by up to 34 bps
  • Two-year fixed rate product at 60% LTV with £0 fee increased by 26 bps
  • Five-fixed rate products at 60% to 75% LTV increased by up to 44 bps

Professional

  • Two and five-year fixed rate products reduced by 10 bps

Platform is also making the following changes to its product transfer deals:

  • Two, three and five- year fixed rate products at 60% to 75% LTV increased by up to 42 bps
  • Two-year fixed rate products at 80% and 85% LTV with £1,249 fee increased by up to 3 bps

Buy-to-let

  • Two-year fixed rate products at 60% and 65% LTV with £1,499 fee increased by up to 22 bps
  • Two-year fixed rate product at 60% LTV with £0 fee reduced by 2 bps
  • Five-year fixed rate products at 70% and 75% LTV with £1,499 fee reduced by 5 bps
  • Five-year fixed rate product at 60% LTV with £1,499 fee increased by 5 bps

Help to Buy

  • Two, three and five-year fixed rate products at 60% LTV increased by up to 44 bps
  • Three and five-year fixed rate products at 75% LTV with £499 and £0 fee increased by up to 43 bps

Buy-to-let

  • Two-year fixed rate product at 60% LTV with £0 fee reduced by 2 bps
  • Two-year fixed rate products at 60% and 65% LTV with £1,999 fee increased by up to 22 bps
  • Five-year fixed rate products at 70% and 75% LTV with £1,999 fee reduced by 5 bps
  • Five-year fixed rate product at 60% LTV with £1,999 fee increased by 5 bps

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