Principality, Virgin and Nationwide lift rates

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Principality Intermediaries continues to hike its prices with fresh rate increases of up to 0.20%.

The lender’s residential two-, three- and five-year fixed rates at 65%, 75%, 80%, 85% and 90% loan-to-value (LTV) will go up by 0.20%.

Residential two- and five-year fixed rates at 65%, 75%, 80%, 85% and 90% LTV products will also rise by 0.20%.

Principality has also increased its residential (Help to Buy Wales) five-year fixes at 75% LTV by 0.20%.

In addition, joint borrower sole proprietor two- and five-year fixes at 75%, 80%, 85% and 90% LTV will rise by 0.20%.

Buy-to-let five-year fixed products at 60%, 70% and 75% LTV will go up by 0.20% while holiday let two- and five-year fixes at 60% LTV will be increased by 0.20%.

Holiday let five-year fixes at 75% LTV will see hikes of 0.13%.

Elsewhere, Virgin Money will lift rates on purchase, remortgage, BTL and product transfer from tomorrow.

Purchase rate increases include, two- and five-year fixed rates going up by 0.18% and 0.15% respectively.

Virgin will put remortgage prices up by up to 0.21% with two-year fixed rates now starting from 4.09%, while five-year fixes will rise by up to 0.20% to start from 4.18%.

BTL fixed rates with a 3% fee will be increased by up to 0.20%, starting from 2.89% and fixed rates with a £2,195 fee will be increased by up to 0.20%, starting from 4.02%.

Product transfer five-year BTL fixed rates will go up by as much as 0.15%, starting from 4.09% and five-year fixed rates will rise by up to 0.14%, starting from 3.91%.

Meanwhile, Nationwide has increased selected fixed rates by up to 0.20%.

The increases includes rates across its first-time buyer, home mover, existing customers moving home and remortgage products.

In addition, switcher and additional borrowing range will see price rises.


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