Mortgage lenders increase their longer-term mortgage rates

by Aaron Strutt

Feb 04 2014

A host of the largest banks and building societies are increasing their longer-term mortgage rates over the next few days, including Santander and Nationwide Building Society.

NatWest for Intermediaries has already raised their five-year fix from 2.88% to 2.95% but it is still one of the lowest five-year fixes. It is available for mortgages up to £1 million and borrowers will need a 40% deposit to access this rate. It has a competitively priced £995 arrangement fee and the APR is 3.9%.

Aaron Strutt, product manager at Trinity Financial, says: “We haven't seen the lenders increase their mortgage rates for quite some time and these changes have all come at once. It wouldn't be a surprise if there were more changes over the next few days.”

If you would like help to secure a best buy mortgage, call us on 020 7016 0790.

February 4, 2014