Santander reprices in both directions, HSBC lifts rates

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Santander will lift most of its residential new business fixed-rate deals, as selected landlord remortgage offers reprice in both directions on Tuesday.  

While HSBC will raise a range of two- and five-year residential and buy-to-let fixes on Monday. 

Highlights from Santander include: 

New business rate increases  

  • First-time buyer – all 85% and 90% loan-to-value two- and three-year fixed rise by up to 10 basis points. All 85%, 90% and 95% LTV five-year fixes rise by up to 5bps. All 75% LTV 10-year fixes by 10bps 
  • BTL remortgage – all 65% and 75% LTV five-year fixes rise by 6bps 

Product transfers 

  • Residential fixed rates – selected 60% and 75% LTV two-year fixes rise by 2bps. All 60% LTV five-year fixes rise by up to 5bps. Selected 75% LTV five-year fixes rise by 2bps. 

Rate decreases 

  • BTL remortgage – all 60% LTV two-year fixes fall by 6bps  

Meanwhile, HSBC said two- and five-year fixes will rise for UK residential FTB and homemover ranges, residential remortgages and products for properties with an energy performance certificate rating of C and above.  

Pricing has also gone up for BTL purchase and remortgage products, as well as deals for international residential and BTL borrowers.  

Changes will apply up to 95% LTV, the bank said in a note, without giving pricing details.


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