Halifax has increased rates on product transfers and further advances, while Santander has tweaked rates across its switcher range.
From 2 September, Santander’s fixed rate residential product transfers at up to 95 per cent loan to value (LTV) will see increases of between 0.05 per cent and 0.3 per cent.
For transfers over 95 per cent LTV, three- and five-year fixes will see reductions of 0.14 per cent.
Santander’s product transfer range is personalised to each borrower, with unique rates.
Halifax
Meanwhile from today, Halifax has increased rates on two-, three- and five-year product transfer and further advance products.
Changes include its two- and three-year fixes, which now both have rates ranging from 1.55 per cent at 60 per cent LTV and 2.51 per cent at 85 per cent LTV respectively.
Rates up to 95 per cent LTV for both terms remain at 3.2 per cent.
As for the five-year fixed product transfers, rates at 60 per cent LTV are now 1.63 per cent, 1.85 per cent at 75 per cent LTV and 2.55 per cent at 85 per cent LTV.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
