In its new business range, select residential purchase products have increased 0.35 per cent, including its fee-free two-year fixed rate at 60 per cent loan to value (LTV) which has gone from 2.45 per cent to 2.8 per cent.
Its five-year fixed rate at 75 per cent LTV has increased from 2.2 per cent to 2.55 per cent. It comes with a £995 fee.
On the remortgage side, rates have risen by around 0.33 per cent, including its fee-free 60 per cent LTV two-year fixed rate, which now stands at 2.73 per cent.
Its five-year fixed rate at 75 per cent LTV with £995 fee has gone from 2.27 per cent to 2.60 per cent.
Natwest’s fixed first-time buyer rates have increased by around 0.14 per cent, which includes its five-year fixed rate at 85 per cent LTV and is priced at 2.94 per cent.
Its two-year fixed rate at 85 per cent LTV has risen by 0.11 per cent to 2.89 per cent. Both come with a £995 fee and £1,000 cashback.
Shared equity rates have also been increased by as much as 0.3 per cent, including Help to Buy products.
An example includes its no-fee two-year fixed rate purchase product at 60 per cent LTV going from 2.7 per cent to three per cent.
Mortgage guarantee products have recorded a minor increase, with its two and five-year fixed rate rising by 0.07 per cent to 3.27 per cent and 3.29 per cent respectively.
On the buy-to-let side rates have gone up by as much as 0.3 per cent for both purchase and remortgage products.
An example includes its two-year fixed rate at 75 per cent LTV with no fee going from 2.74 per cent to 3.04 per cent.
Natwest’s green mortgage residential and buy-to-let products have also experienced a rise, with rate changes of up to 0.26 per cent. This includes its two-year fixed rate purchase product at 75 per cent TV with £995 fee going from 2.19 per cent to 2.39 per cent.
Cashback on its green mortgage residential products has also been removed.
In its existing customer rage, residential rate switcher products, which includes select high value deals, have been increased by up to 0.15 per cent. This includes its no-fee two-year fixed rate at 60 per cent LTV going from 2.48 per cent to 2.63 per cent.
Santander ups SVR rate
Santander said that mortgage products linked to the base rate would automatically change form the beginning of June. This includes those on its follow-on rate, which will rise from four per cent to 4.25 per cent.
It added that Santander and Alliance and Leicester’s Standard Variable Rates (SVR) will rise by 0.25 per cent to 5.24 per cent from the start of June.
Impacted customers will be notified of their new interest rate and monthly payment five days before changes are implemented.
Santander said tracker and reversionary rates for new business and internal transfer tracker products will rise with the base on 10 May.
Skipton to withdraw base rate tracker products
Skipton Building Society confirmed that those with existing mortgages that track the base rate would see their account interest rate change, depending on their product rate cap and terms and conditions.
It added that base rate tracker products would increase no later than 14 days from today.
The mutual added that existing base rate tracker product would be withdrawn from 10pm on Sunday 8 March and replaced from 9am on Monday 9 May.
