NatWest, TSB and Halifax latest lenders to raise residential mortgage rates
NatWest is raising its fixed-rate mortgages tomorrow, while Halifax and TSB have also announced they will lift prices.
NatWest will marginally raise fixed-rate prices across new business and existing customer product ranges by up to 0.15%, while Halifax also announced it will lift residential loan offers tomorrow (9 February).
Halifax has been offering some of the most competitively priced rates in the market. While some lenders have raised rates, Santander lowered theirs by up to 0.2%, and HSBC has also made pricing improvements earlier this week.
Aaron Strutt, product director at Trinity Financial, says: "There has been a mixture of rate news with some lenders pushing up their mortgages and a couple of providers lowering them. Some property purchase rates are cheaper than the remortgage deals.
"Halifax lowered some rates a few days ago and then increased others; HSBC lowered some of its mortgages by up to 0.30% but raised some by 0.40%."
"More lenders are raising their rates, so if you are thinking about applying for a mortgage, it is worth securing a deal as soon as you can. You can always switch to a lower rate if they come down."
TSB is increasing its two and five-year fixed first-time buyers by 0.10%. The two-year fixed remortgage rates are rising by up to 0.20%. The lender is increasing its existing customer rates by 0.2% but lowering its buy-to-let mortgages by up to 0.5%.
Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
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