Barclays said it will increase rates on selected reward products, while also withdrawing a number of products across its residential purchase, remortgage and reward ranges.
Within its remortgage range, the 4.66% Premier two-year fixer with a £999 product fee increased to 4.91%. Also, its 4.75% two-year fixer with £999 product fee at 75% loan to value (LTV) will increase to 5%.
Aaron Strutt, product and communications director at Trinity Financial, said: “The Barclays remortgage rates were pretty cheap, so it isn’t a surprise they went up.”
Halifax announces hikes up to 11bps
Halifax will increase rates by up to 0.11 percentage points on selected two-, three-, five- and 10-year fixed rate products for homemovers and first-time buyers.
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The lender is also raising rates by up to 0.1 percentage points on selected two-, three- and five-year remortgage products.
Product transfer and further advance rates will increase by up to 0.1 percentage points for selected two- and five-year fixes.
As part of the changes, Halifax will withdraw all 18-month fixed rate remortgage products. Strutt added that the lender’s 18-month fixed rate products had been popular with borrowers seeking a shorter fixed-term option.
