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Halifax and Scottish Widows Bank increase rates

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  • 02/10/2020
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Halifax and Scottish Widows Bank increase rates
Halifax has overhauled its product transfer and further advance mortgages including increasing rates.

 

The lender has made rate increases across its two-, three- and five-year product transfer and further advance products – it did not provide details on the level of rate increases.

As part of the rejig, Halifax has also introduced new LTV ranges.

The 75-85 per cent LTV range has been split into 75-80 per cent and 80-85 per cent levels, while the no fee products at 85-95 per cent LTV have been separated into 85-90 per cent and 90-95 per cent.

Scottish Widows Bank has also increased rates on its new business mortgages.

From today selected rate increases have been applied on its two- and five-year 70 per cent LTV and 75 per cent LTV value products for homemovers and first-time buyers.

No further details were given about the scale of the increases.

 

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