
The co-operative bank for intermediaries has temporarily withdrawn selected fixed rate products from its mainstream mortgage range for new business.
Effective tomorrow (24 October), the bank has withdrawn its purchase two-year fixed products at 85% and 90% loan-to-value (LTV) with a fee of £999 and purchase two-year fixed product at 90% LTV with no fee.
Purchase green EPC A or B two-year fixed products at 85% and 90% LTV with a fee of £999 has also been withdrawn.
The lender has also removed remortgage two-year fixed products at 60%, 70%, 80% and 85% LTV with a fee of £999.
Other remortgage products that have been withdrawn include two-year fixed products at 60% and 75% LTV with no fee and the three-year fixed products at 60% and 70% LTV with a fee of £999.
HSBC has also announced it will be making rate changes tomorrow.
Rate reductions will be made to the bank’s UK residential first-time buyer/home buyer products across two- and five-year fixed fee savers at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV.
HSBC will also cut prices on its UK residential remortgage products including its two- and five-year fixed standard products at 60%, 70%, 75% , 80%, 85% and 90% LTV and its two- and five-year fixed premier exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV.
BTL remortgage rates have also been lowered. These include the lender’s two- and five-year fixed fee saver at 60% LTV as well as the two- and five-year fixed standard products with a fee of £3,999 at 60% LTV.