Halifax alters remortgage rates and Clydesdale Bank ups pricing

Halifax alters remortgage rates and Clydesdale Bank ups pricing – round-up

01/08/2022
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Halifax has increased select remortgage rates by around 0.4 per cent and cut certain rates by around 0.1 per cent.

The changes come into effect from today.

For instance, the lender’s no fee two-year fixed remortgage product between 85 and 90 per cent loan to value (LTV) has gone up by 0.4 per cent to 3.74 per cent. It only available on a repayment basis and is available between £25,000 and £750,000.

On the flip side, its five-year fixed rate up to 60 per cent LTV has fallen by 0.1 per cent to 3.39 per cent. Its five-year fixed rate between 60 and 75 per cent LTV has been cut by 0.1 per cent to 3.46 per cent.

Both of the above are only available on a repayment and interest-only basis.

Halifax has also cut the rates for two repayment basis only remortgages, including its five-year fixed rate between 75 and 80 per cent LTV, which has fallen by 0.08 per cent to 3.52 per cent.

The lender’s five-year fixed rate between 80 and 85 per cent LTV has decreased by 0.09 per cent to 3.58 per cent.

All five-year fixed rates mentioned above come with a £999 fee and are available between £25,000 and £750,000.

Clydesdale Bank ups resi and BTL rates by 0.15 per cent

Clydesdale Bank has increased rates for select residential and buy-to-let rates by around 0.15 per cent.

The changes come into effect from 8pm today. The new rates will show on all sourcing systems and online application systems from tomorrow.

The lender’s core two and five-year fixed deals between 65 and 95 per cent LTV will rise by 0.15 per cent. Its two-year fixed rate at 80 per cent LTV with no fee has gone up between 3.62 per cent to 3.72 per cent.

Its no-fee two-year fixed rate at 90 per cent LTV has increased from 3.65 per cent to 3.8 per cent, and its five-year fixed rate at 95 per cent LTV with £999 fee has gone up from 3.84 per cent to 3.94 per cent.

High value two and five-year fixed rates between 65 and 85 per cent LTV, which is for loans of £1m or more, will also increase by 0.15 per cent, as will professional and newly qualified professional rates.

On the buy-to-let side, its core buy-to-let two and five-year fixed rate will go up by around 0.15 per cent. Its five-year fixed rate at 75 per cent LTV with £1,000 fee has risen from 3.42 per cent to 3.54 per cent.

Clydesdale Bank’s high value two and five-year fixed rate will rise by around 0.12 per cent.

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Anna Sagar

Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course. She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021. In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business. She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023. Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum. In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.