Rates for residential existing customer switching, two, three, five and 10-year fixed rates, both fee-saver and standard deals, up to 90 per cent LTV in some instances, have increased. Similar increases have been applied to its residential existing customer borrowing more range.
An example in its existing customer switching range is its five-year fixed rate at 60 per cent LTV with £999 fee rising by 0.11 per cent to 4.08 per cent.
On the first-time buyer side, two, three and five-year fixed rates have increased up to 90 per cent LTV and similar changes have been made to its home mover range. This includes fee-saver and standard deals.
For instance, its two-year fixed rated purchase deal at 90 per cent LTV with £999 fee has increased by 0.17 per cent to 4.99 per cent.
In its remortgage range. two, three, five and 10-year fixed rates have gone up, also including standard and fee-saver products.
An example of its remortgage range is its fee-saver five-year fixed rate at 60 per cent LTV which has gone up by 0.26 per cent to 4.49 per cent.
Buy-to-let purchase deals have gone up, with two-year fixed fee-savers up to 65 per cent LTV also rising.
For buy-to-let remortgage two and five-year fixed rates, both fee-saver and standard deals of up to 65 per cent LTV have gone up and for existing customers two-year fixed rates up to 75 per cent LTV have also risen.
On the international residential side, two, three, five and 10-year fixed rates up to 75 per cent LTV, including fee-saver and standard deals have increased.
A HSBC spokesperson said: “There are a number of factors that need to be taken into account when setting mortgage rates including swaps rates and market conditions.
“While we have been able to bring down the cost of borrowing earlier this year on a number of occasions for new and existing customers, following a review, there will be rate increases from this morning of up to 0.24 per cent for existing customers and up to 0.38 per cent for new customers.”
Clydesdale Bank removes select deals up to 75 per cent LTV
Clydesdale Bank will remove select exclusive remortgage deals and new customer products at up to 75 per cent loan to value (LTV) today.
On the exclusive remortgage side, the lender said it would remove two and five-year fixed rates with a £1,499 fee at 75 per cent LTV.
Within its new customer range, the firm said that core residential two and five-year fixed rates between 65 and 75 per cent LTV have been temporarily withdrawn.
Two and five-year fixed rates between 65 and 75 per cent LTV for large loans of £1m or more have also been removed.
The lender added that large loan exclusive fixed rates at 75 per cent LTV will be withdrawn.
Clydesdale said that these rates are still available to existing customers for product transfer.
