Principality Intermediaries, Nottingham Building Society, Accord Mortgages and Kensington Mortgages are all withdrawing and repricing mortgage ranges.

The average fixed-rate residential mortgage has now topped 5% as a result of the ongoing Middle East conflict, with many lenders reconsidering their pricing.

Principality is making changes to its product transfer range from 12 March. These include rate increases of up to 70bps on its residential range, 20bps on its new build mortgages, 30bps for buy-to-let and 30bps for holiday lets.

Nottingham will be raising residential new business rates from 13 March, as well as withdrawing some mortgages.

The changes include rate rises of up to 24bps for residential new business.

Accord is increasing rates for buy-to-let product transfer mortgages from 12 March.

The lender’s current range will be withdrawn at 8pm on 11 March and the new range will be available at 8am on 12 March.

The changes include two-year product rates rising by 74bps to 76bps, three-year rates by 72bps and five-year rates by 66bps.

Kensington Mortgages is repricing its entire residential and buy-to-let ranges from 12 March, with new rates available on 13 March.