You are here: Home - News -

HSBC and Clydesdale Bank increase rates; Skipton BS revises range – round-up

by:
  • 14/09/2022
  • 0
HSBC and Clydesdale Bank increase rates; Skipton BS revises range – round-up
HSBC has increased rates on a range of mortgage products up to 95 per cent loan to value (LTV).

Changes apply to new and existing first-time buyer, home mover, remortgage and borrowing more ranges across two, three and five-year fixes. Mortgage rates have also increased for buy-to-let and international borrowers. 

Now, a two-year fix for first-time buyers at 60 per cent LTV with no fee has a rate of 4.53 per cent, and with a £999 fee has a rate of 4.28 per cent. At the same tier, the five-year fix with no fee is priced at 4.13 per cent, where a £999 fee has a rate of 3.78 per cent, and a £1,499 fee a rate of 3.75 per cent. 

The same rates apply to the home mover range. 

The lender has also reintroduced two-year fixed standard products for buy-to-let borrowers who are purchasing and remortgaging at all LTV tiers. 

 

Clydesdale Bank ups rates 

Clydesdale Bank has increased rates on its core five-year fixed rate mortgage products at 75, 80 and 85 per cent LTV with a £999 fee by 0.30 per cent. This will apply to deals for new and existing borrowers. 

Two-year fixes between 65 and 95 per cent LTV will see rate increases of 0.40 per cent, while five-year fixes between the same tiers will rise by 0.30 per cent. 

Across its buy-to-let mortgages, two-year fixes between 60 and 80 per cent LTV will increase by 0.50 per cent, and five-year fixes across the same tiers will go up by 0.40 per cent. 

 

Skipton Building Society adjusts offering 

Skipton Building Society has made changes to its mortgage range, including the launch of two and five-year fixes.  

These products will be available from 15 September and be accompanied by the addition of two and five-year fixes at 85 per cent LTV and above for new borrowers. This move is temporary and the mutual will still accept applications at a lower LTV if the borrower wants it. A spokesperson for Skipton said the mutual had been “inundated” with applications, so had restricted its offering to give colleagues the ability to work through pipeline cases. 

Products for existing borrowers will continue to be available from 60 per cent LTV. 

The mutual will also withdraw all two and five-year fixes in its new business residential range, as well as all two and five-year fixes for existing residential and buy-to-let borrowers including government scheme products. 

These products will no longer be available from 10pm today. 

There are 0 Comment(s)

You may also be interested in