Changes take effect from 2 April and will see two- and five-year fixes up to 90% loan to value (LTV) rise in rate.
For example, its two-year fix at 60% LTV for first-time buyers with no fee has gone from 4.39% to 4.49%, while the standard option with a £999 fee is now 4.25%, up from 4.12%.
The five-year fixed equivalents have gone up from 4.2% to 4.3% and 4.07% to 4.15% respectively.
At 70% LTV, the two-year fixed fee-saver product has changed from 4.54% to 4.61%, while the option with a £999 fee has increased from 4.28% to 4.33%.
HSBC has also increased buy-to-let (BTL) remortgage, international residential and international BTL product rates.
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Last month, the firm announced it would introduce select premier deals across several of its ranges.
Buckinghamshire BS renames products and improves criteria
Buckinghamshire Building Society has renamed its core mortgage products to reflect how they serve the needs and circumstances of borrowers.
Its ‘Standard Residential’ products are now called ‘Everyday Residential’, the ‘Non Standard’ range is now ‘Credit Revive’, and the maximum LTV has risen from 80% to 85%.
Further, Buckinghamshire Building Society’s ‘Impaired Credit’ products are now called ‘Credit Restore’.
The mutual has also increased maximum loan sizes available across its Credit Revive and Credit Restore ranges from £500,000 to £750,000.
Buckinghamshire Building Society has improved its credit matrix to take a more inclusive approach to borrowers with past credit blips. Everyday Residential cases can be accepted with one missed payment in the last 12 months on either secured or unsecured credit.
The policy previously excluded missed payments in the last two years.
The allowable limit on county court judgments (CCJs), including parking fines, has gone up from £250 to £500 across all product ranges.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We know that life isn’t always straightforward, and these changes reflect that reality. By updating our product names and lending criteria, we’re making it easier for brokers to match their clients to the right mortgage solution, without unnecessary barriers.
“Our aim is to be fair, transparent and accessible. Whether it is supporting borrowers recovering from a minor credit issue or helping more people access finance at higher LTVs, we want our criteria to keep pace with our customers’ circumstances. It’s all part of doing things The Bucks Way, by putting people first and delivering common-sense lending that works in the real world.”
