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.
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