NatWest says rates on these products will rise by up to 12 basis points on selected two- and five-year offers.  

These rises include:  

Two-year switcher fix  

• 60% loan to value, increasing by 12bps to 5.27%, with no product fee   
• 60% LTV, increasing by 10bps to 4.89%, with a product fee £995  

Five-year switcher fix  

• 60% LTV, increasing by 10bps to 4.79%, with no product fee   

The lender tells brokers they can submit mortgage illustration applications online for existing deals up to 10:30pm on 7 May.  

Meanwhile, HSBC says its residential and landlord rises include:   

Existing residential customer switching/ borrowing more:  

• Two- and five-year fixed fee saver at 60%, 70%, 75% and 90% LTV will rise  
• Five-year standard fix at 60%, 70%, 75% and 90% LTV will rise  

Landlord existing customer switching:  

• Two-year and five-year fixed fee saver at 60%, 65% and 75% LTV will rise  
• Two-year and five-year fixed standard at 60%, 65% and 75% LTV will rise  

The bank tells brokers that they must submit applications in full by midnight on 7 May.  

The move by the banks comes as a range of major lenders lift rates as money markets bet that the first Bank of England base rate cut may be pushed back into the second half of the year.