Halifax raises rates by up to 25bps Mortgage Finance Gazette

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Halifax is hiking mortgage rates by up to 25 basis points tomorrow and the bank’s buy-to-let arm BM Solutions is also set to reprice.

The UK’s largest lender is raising costs on its home mover and first-time buyer deals, with prices up by between 5 and 20 basis points on two-year fixes.

Also for movers and first-time buyers, three-year fixes will climb by between 1 and 14 bps, while five-year fixes are set to jump by between 13 and 25 bps.

However, there is good news for remortgage borrowers and existing customers seeking product transfer as these deals are in line for decreases tomorrow.

At BM Solutions, there will be a mixed bag of increases and reductions tomorrow, for buy-to-let deals on properties held in personal name, as well as for let to buy.

Limited company buy-to-lets will see decreases across the range, as will product transfer and further advance deals.

Meanwhile, at Aldermore, a number of products are being withdrawn at 5pm today.

Brokers have a few hours left to secure the following limited edition buy-to-let deals for individuals and companies:

  • Five-year fixed at 5.22% with £0 fee
  • Five-year fixed at 5.14% with £1,999 fee
  • Multi-property five-year fixed at 5.17% with £0 fee
  • Multi-property five-year fixed at 5.09% with £1,999 fee