Barclays, Halifax, Nationwide and NatWest increase their mortgage rates by up to 0.70%

by Aaron Strutt

Oct 19 2020

Some of the biggest banks and building societies have increased the price of their mortgages.

Halifax raised its short term home move and first-time buyer fixed rates by up to 0.61% and Nationwide Building Society raised some of its lower deposit fixes by 0.35%. NatWest increased its two and five-year buy-to-let mortgages by 0.70%.  

Santander for Intermediaries is increasing selected residential, Help to Buy and Buy to Let rates at 60%, 75% and 85% LTV by up to 0.35%, and withdrawing the 85% loan-to-value two year fixed purchase and remortgage products. Barclays has also raised rates.

Aaron Strutt, product director at Trinity Financial, says: "It is unusual for the lenders to increase their rates by over 0.5% especially as we have been used to them consistently lowering prices for years.

"If you are purchasing a property, there are still lots of super-cheap rates to choose from, but if you have a smaller deposit, you will pay slightly more than normal. Click here for our recent article explaining why the lenders are increasing their rates."

Call Trinity Financial on 020 70160 0790 to secure a mortgage or send an enquiry