Lenders continue to hike rates

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Halifax Intermediaries, Principality Intermediaries, Fleet Mortgages, NatWest, Kensington Mortgages, Saffron For Intermediaries and BM Solutions are among the latest lenders to hike prices.

Halifax Intermediaries has announced that from tomorrow it will increase all purchase and remortgage two-, three- and five-year fixed and tracker products.

In addition, selected product transfer and further advance products will also rise.

Principality Intermediaries will also hike rates by up to 0.30% from tomorrow.

The lender’s rate increases include some residential two- and five-year rates between 65% and 90% loan-to-value (LTV), which will go up by 0.30%.

Residential loans without product fees on three-year fixes at 65%, 75%, 80%, 85% and 90% LTV will also rise by 0.30%.

Also, residential two- and five-year fixes with £500 cashback at 65%, 75%, 80%, 85% and 90% LTV will increase by 0.30% while shared ownership two- and five-year fixed products a 95% LTV go up by 0.20% and Help to Buy Wales two- and five-year fixes at 75% LTV will increase by 0.30%.

A range of joint borrower sole proprietor two- and five-year fixed rates across 75%, 80%, 85% and 90% LTV will go up by 0.30%.

Principality is also putting rates up on five-year fixed buy-to-let (BTL) fixes at 60%, 70% and 75% LTV with and without fees by 0.30%.

Holiday let two- and five-year fixes at 60% LTV have also gone up by 0.30%.

Elsewhere, Fleet Mortgages has said it will be withdrawing all of its fixed rate products including product transfers.

And NatWest has announced rate increases to its existing customer and additional borrowing ranges, effective tomorrow.

However, NatWest will make a rate reduction to its 90% LTV existing customer BTL product and introduce a new 75% LTV additional borrowing BTL product.

Meanwhile, Nottingham Building Society is increasing selected rates to its BTL new business ranges, and withdrawing selected products from 11 March.

Rate increases of up to 0.35% will be applied to limited company BTL new business products and of up to 0.35% for standard BTL new business products.

It has also announced selected product withdrawals.

Kensington Mortgages will withdraw selected products from tomorrow.

For BTL products, all BTL prime eKo products will be withdrawn as well as BTL prime five-year fixed products with a fee of £4,000 and a rate of 4.72%.

Residential products being withdrawn include all residential own new products and selected heroes and professionals 75% LTV no fee products.

In addition, Saffron For Intermediaries has said it will withdraw all fixed rate new business products.

BTL products being withdrawn include standard, expat, limited company and HMO while residential products includes owner occupied, first-time buyer, contractor, self employed, expat, JBSP/FTB JBSP, RIO and lending into retirement, premier income and professional income boost.

In addition, all residential retention fixes at 60% and 80% LTV will be cut from the range.

Finally, BM Solutions has made rate hikes to selected two-, three- and five-year fixed rates on personal ownership BTL and let to buy products.

Rate increases will also be seen on fixed rates in the lender’s limited company BTL and selected product transfer and further advance products.

Earlier today, Barclays, Accord and Gen H all announced rate increases.


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