The core range will see rates rise by 25 bps for loan-to-value (LTV) ranges of up to 80 per cent, with smaller rate increases for deals with a higher LTV.
For example, the rates on the 60 and 75 per cent LTV two-year fixed rate purchase products have been increased from 1.95 per cent to 2.20 per cent, while the 80 per cent LTV product has gone up by the same amount to 2.27 per cent.
The 85 and 90 per cent LTV products have seen a 15 bps increase from 2.22 per cent to 2.37 per cent, and 2.27 per cent to 2.42 per cent respectively.
On the five-year fixed rate purchase range, rates on the 60 and 75 per cent LTV products are increasing from 1.99 per cent to 2.24 per cent. The 80 per cent LTV product is increasing by 25bps to 2.31 per cent, while the 85 per cent LTV product is rising by 15bps from 2.26 per cent to 2.41 per cent.
For the first-time buyer range, the two-year fixed rate deals at 85 and 90 per cent LTV are both going up by 15bps from 2.35 per cent to 2.50 per cent, and 2.38 per cent to 2.53 per cent respectively.
For the five-year fixed rate first-time buyer products at 85 and 90 per cent LTV, the rate is moving up by 15bps to 2.57 per cent and 2.87 per cent respectively.
Finally on the buy-to-let range, the 60 per cent LTV two-year fixed rate is moving from 2.06 per cent to 2.31 per cent, while the 75 per cent LTV product rises by the same margin to 2.35 per cent.The five-year fixed rates at 60 per cent and 75 per cent LTVs are climbing from 2.16 per cent to 2.41, and from 2.19 per cent to 2.44 per cent respectively.
All of the products come with a £995 fee, though the first-time buyer range includes £750 cashback. The changes only apply to new business; the existing customer products are unchanged.
