Fleet pushes rates up by as much as 20bps, Foundation and Newcastle withdraw products

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Fleet Mortgages has made rate increases of up to 20 basis points and product withdrawals.

Effective tomorrow, the lender’s two-year fixed rate products across all ranges will rise by 20bps.

Fleet’s five-year fixed rate zero and fixed fee products, across standard and limited company ranges will be temporarily withdrawn.

In addition, two-year tracker products with a fixed product fee will be temporarily withdrawn.

Five-year fixes with 3% fee across all ranges remain unchanged.

Elsewhere, Foundation will withdraw its buy-to-let (BTL) F2 expat five-year fixed rate product at 75% loan-to-value (LTV) from 5pm tomorrow.

Foundation says this product will be replaced on Friday.

Meanwhile, Newcastle for Intermediaries has made changes to its existing customer mortgage products, which includes a number of withdrawals.

Earlier today, Barclays and HSBC joined various other lenders in cutting rates.


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