Santander is increasing all new business first-time buyer, home mover, large loan, remortgage and buy-to-let (BTL) rates by up to 0.30% on Friday.
As part of the changes, all residential (including large loans) fixed rates are rising by 0.30% and the My First Mortgage £10k deposit fixed rate will go up by 0.30%.
All BTL purchase and remortgage fixed rates will go up by as much as 0.30%.
Tracker residential (and large loans) rates will increase by 0.30%.
In addition, Santander’s product transfer range will be increased on most residential and BTL rates by up to 0.19%.
Product transfer increases of up to 0.19% will be made to all residential products at 60%, 75%, 80% and 85% LTV across two-, three-, five- and seven-year fixed rates, while all 90% LTV five-year fixed rates will rise by 0.06%.
Also, all BTL 60% and 75% LTV two- and five-year fixed rates will go up by as much as 0.17%.
Meanwhile, Clydesdale Bank is withdrawing some residential fixed rates, effective tomorrow.
The products being withdrawn include the two- and five-year professional residential fixed rates between 65% and 85% loan-to-value (LTV).
In addition, the bank is pulling broker residential exclusive fixes. These include the two- and five-year fixed rate at 75% LTV exclusive remortgage products alongside the two- and five-year fixed rate at 85% LTV exclusive purchase products.
The two-year fixed rate at 50% LTV exclusive £1m to £3m product is also being withdrawn, as well as two-year fixed rates at 75% and 80% LTV purchase and remortgage fee offer exclusive products.
This comes after Nottingham Building Society announced it is raising rates by up to 35 basis points on Friday and Kensington is withdrawing several products this afternoon.
The changes come amid frenzied repricing from lenders this week, in some cases with just a few hours’ notice of widespread product withdrawals.
Elsewhere, Furness Building Society has announced it will be amending some of its product range.
The society says a new range will be available from 19 March.
