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Barclays and HSBC rejig mortgage ranges

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  • 14/07/2020
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Barclays and HSBC rejig mortgage ranges
Mortgage heavyweights Barclays and HSBC have taken the opportunity to reprice rates across select ranges.

 

Barclays has changed rates within its residential, buy to let and reward ranges.

The lender has pushed up rates on its residential purchase two-year fix at 85 per cent loan to value (LTV) from 1.99 per cent to 2.19 per cent.

Rates have also been raised on its landlord two-year fix at 75 per cent LTV from 2.11 to 2.35 per cent.

At the same time, on its reward range for existing customers, two reward deals at 85 per cent LTV have been pulled, replaced with products at between 80 and 90 per cent LTVs with lower rates.

A reward deal for borrowers at 90 per cent LTV is now available at 2.84 per cent fixed for two years without a few.

Rates have been reduced on residential, remortgage and reward deals.

It means the lender now offers a three-year fix of 1.28 and a five-year remortgage at 1.36 per cent, both at 60 per cent LTV with a £999 fee.

 

HSBC ups costs

HSBC has raised rates on its two-year fixed fee and two-year fixed-free savers.

Increases have been implemented from 60 to 90 per cent LTVs.

The five-year fixed fee, five-year fixed fee saver and five-year premier exclusive have also been raised, again at between 80 and 90 per cent TV.

The lender has also removed its three-year fixed and ten-year fixed ranges.

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