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HSBC, Skipton BS, TSB and Platform make swathe of high LTV rate increases

  • 31/07/2020
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HSBC, Skipton BS, TSB and Platform make swathe of high LTV rate increases
Lenders have issued an array of interest rate increases on high loan to value (LTV) products as the surge in re-pricing continues.


HSBC has increased rates on its entire range of fixed rate 90 per cent LTV deals – the lender is one of the few still taking new business at that level.

Its two-year product with £999 fee is now at 2.44 per cent while the fee free version is at 2.69 per cent.

Five-year products are 2.74 per cent with the £999 fee and 2.94 per cent without, while its Premier Exclusive product with a £1,499 fee is at 2.71 per cent.

All products have a maximum borrowing limit of £400,000.


Skipton BS

Skipton Building Society has increased all three of its standard residential – purchase and remortgage deals at 85 per cent LTV – all have a maximum loan of £625,000.

The two-year fee free product has been increased to 2.34 per cent from 2.09 per cent.

The five-year fix with a £995 fee has risen to 2.39 per cent from 2.22 per cent, while the £1,995 fee version is at 2.29 per cent, up from 2.12 per cent.

The lender told Mortgage Solutions it had to withdraw the previous deals as they were “incredibly popular” and the tranche was filled “very quickly”.

“We’ve brought out a new product, which while competitive is a slightly higher rate than the previous one,” Skipton said.

It added that offering great products while protecting service levels was “an important balance for us as we continue to navigate our way through this extremely busy mortgage market”.



Platform has also conducted a significant product overhaul today with residential rates increased by up to 0.25 per cent and buy-to-let rates cut by up to 0.4 per cent.

Most notably, the 90 per cent LTV fee free five-year fix has been re-introduced with an increase of up to 0.20 per cent.

Two- and five-year fee free fixes at up to 85 per cent LTV have increased by up to 0.25 per cent, while the £999 fee versions have seen rates rise by up to 0.17 per cent.

The three-year fixed rate zero fee product at 85 per cent LTV has increased by 0.1 per cent.

In contrast, buy-to-let three-year fixed rates have been cut by up to 0.4 per cent for new business and product switches.

The Help to Buy offering is unchanged.



TSB has also made changes to its residential offering.

The lender published a notice saying it has made “various rate increases” but has not given any more details.

It has also temporary withdrawn it two-year fixed purchase product at up to 85 per cent LTV and the five-year fixed shared equity purchase deal at up to 85 per cent LTV.

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