
Barclays is increasing mortgage rates by up to 7bps tomorrow on a number of residential deals, while NatWest is withdrawing some of its buy-to-let products.
At Barclays, tomorrow’s changes will impact its purchase-only products, including some Green Home and Premier deals.
Among the rate rises, a two-year fixed at 90% loan-to-value with a £899 fee will increase by 7bps from 4.28% to 4.35%.
A fee-free two-year fixed at 90% LTV will increase by 7bps from 4.48% to 4.55%.
A two-year fixed at 95% LTV with no fee will increase by 7bps from 4.85% to 4.92% and the five-year alternative will rise by the same margin from 4.8% to 4.87%.
Separately, NatWest will be removing 11 of its buy-to-let deals for purchase and remortgage tomorrow.
The lender has not revealed whether it will be replacing these products.
Among the purchase deals being withdrawn are a two-year fixed rate at 75% LTV priced at 3.63% with a £3,999 fee.
It is also withdrawing a number of five-year fixes at 75% LTV – one at 4.08% with a £3,999 fee, one at 3.98% with a £4,999 fee and one at 3.88% with a £5,999 fee.
In the buy-to-let remortgage range, it is withdrawing a two-year fixed rate at 65% LTV priced at 3.63% with a £3,999 fee.
Five-year fixed rate remortgage deals being withdrawn include products at 60% LTV priced at 3.84%, 3.74% and 3.64% with fees of £3,999, £4,999 and £5,999 respectively.