Barclays is increasing some residential rates by up to 22 basis points tomorrow, while also trimming others by up to 10bps.
The largest increase is on an existing customer reward three-year fixed at 60% LTV with no fee, which will rise by 22bps from 5.13% to 5.35%.
Barclays is raising the cost of two of its one-year fixed existing customer reward products by 20bps.
The 60% LTV fee-free deal will rise from 5.04% to 5.24%, while the equivalent 75% LTV product will increase from 5.16% to 5.36%.
A Great Escape three-year fixed remortgage product at 60% LTV with no fee will rise by 18bps, from 5.23% to 5.41%.
An existing customer reward three-year fixed at 60% LTV with a £999 fee will increase by 15bps, from 4.92% to 5.07%, while a two-year fixed at 90% LTV with a £999 fee will rise by 13bps, from 5.46% to 5.59%.
At the same time, the lender is reducing some rates including two of its five-year purchase fixes at 90% LTV, which will both fall by 10bps.
These are a Premier deal with an £899 fee which will reduce from 5.23% to 5.13%, while the standard £899-fee product will fall from 5.43% to 5.33%.
A fee-free two-year purchase fix at 90% LTV will decrease by 7bps, from 5.69% to 5.62%, while the Green Home equivalent will also fall by 7bps, from 5.59% to 5.52%.
A two-year purchase fix at 90% LTV with an £899 fee will reduce by 5bps, from 5.54% to 5.49%.
HSBC and NatWest announced rate reductions yesterday which have come into effect today.
At HSBC, rates have reduced by up to 19bps, with some products falling back below 5%.
These included a two-year fix for purchase at 60% LTV with a £999 fee fell by 8bps to 4.96%, while the remortgage equivalent dropped by 10bps to 4.99%, both of which come with £350 cashback for energy-efficient homes.
HSBC’s largest cut was to its fee-free two-year fixed rate for first-time buyers at 95% LTV, which fell by 19bps to 5.77%.
The deal comes with £750 cashback or £1,250 for energy-efficient homes.
Its equivalent five-year deal decreased by 10bps to 5.79%, with £1,500 cashback increasing to £2,000 for energy-efficient properties.
NatWest detailed the changes in advance yesterday.
