Barclays reprices in both directions as TSB and Co-op raise costs Mortgage Finance Gazette

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TSB and Co-operative have increased mortgage rates today, while Barclays is raising a limited number of rates and making widespread reductions across its residential range tomorrow.

In Barclays’ purchase-only range, a two-year fixed rate at 80% LTV is dropping to sub-4%, falling by 7bps from 4.05% to 3.98% with a £899 fee.

The fee-free equivalent will reduce by 4bps to 4.18%.

A two-year fixed at 95% LTV with no fee will fall by 10bps from 4.95% to 4.85%.

The five-year £0 fee equivalent at 95% LTV is coming down by 7bps from 4.87% to 4.8%.

The lender is cutting a number of other mortgage rates for purchase by lesser amounts.

In its remortgage range, a two-year fixed at 80% LTV with a £999 fee will drop by 10bps from 4.34% to 4.24%.

Also for remortgage, a Great Escape two-year fixed at 80% LTV with no fee will fall by 10bps from 4.66% to 4.56%.

At Co-op, a number of purchase deals for new customers, including two and three-year fixed rates at 80%, 90% and 95% LTV have increased by up to 13bps.

A two-year fixed remortgage deal with a £999 fee at 70% and 85% LTV has increased by up to 14bps.

The lender has also raised the rate on a two-year fixed product at 65% LTV with no fee by 5bps.

TSB, meanwhile, has increased the rate on a residential two-year fixed for product transfer at 60% LTV with no fee by 10bps to 4.14%.

Further two-year fixes in this range, at between 60% and 90% LTV have also gone up by 10bps.

In its additional borrowing range, two-year fixed rates at 0-80% LTV have been raised by up to 10bps.