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Nationwide raises select rates; Santander holds new business and PT pricing – round-up

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  • 18/07/2022
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Nationwide has increased the rates on various two, three, five and 10-year fixed rate mortgage products up to 95 per cent loan to value (LTV), effective from 19 July.

Among these changes include increases between 0.05 per cent and 0.30 per cent for first-time buyers, home movers and remortgagors. 

For new business home movers and remortgagors, rates begin at 3.29 per cent for a two-year fixed product at 60 per cent loan to value (LTV) with a £999 fee. For first-time buyers and those buying their first home with shared equity, the equivalent rates are 3.39 per cent. 

Switcher and further advance rates have gone up by between 0.04 per cent and 0.34 per cent, while two and five-year shared equity rates up to 80 per cent LTV will rise by between 0.05 per cent and 0.10 per cent. 

Nationwide has also upped rates on green additional borrowing by 0.10 per cent, with rates for fee-free products fixed for either two or five years between 60 per cent and 90 per cent LTV start from 3.09 per cent. 

 

Santander maintains new business and PT rates 

Santander has announced it will hold the rates on its new business and product transfer mortgages. 

Product transfer rates are personalised to each borrower. 

It has also extended the end dates and completion deadlines of product transfers, purchases and remortgages by one month. 

Changes apply from tomorrow.

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