The bank announced that its residential two- and five-year fixed rates at 85-95% loan to value (LTV) would be increased by up to 0.1%. Two-year pricing now starts at 4.34% for a two-year fix at 85% LTV with a £995 fee, up to 4.99% at 95% LTV with no fee, while the equivalent five-year fixes are 4.34% and 4.89% respectively.
For shared ownership house purchase products, two- and five-year fixed rates at 85-95% LTV have also been raised by as much as 0.1%.
Meanwhile, TSB’s two-year fixed remortgage rates up to 85% LTV have been reduced by as much as 0.1%, starting at 3.79% up to 60% LTV with a £1,495 fee and going up to 4.44% at 80% LTV with no fee.
At the end of last month, the bank lowered product transfer and additional borrowing mortgage rates.
Aldermore Insights with Jon Cooper: Edition 4 – Budget 2025: Landlords feel the heat, brokers to steer the market
Sponsored by Aldermore
HSBC cuts rates and increases FTB cashback
HSBC has announced rate reductions across products for residential and buy-to-let (BTL) borrowers and improved the cashback incentive for first-time buyers.
The lender will now offer a maximum cashback incentive of £2,000 for first-time buyers to ease the costs of buying a home.
From 3 December, HSBC will lower two-, three- and five-year fixed rates for existing residential borrowers switching and borrowing more, up to 90% LTV. It will also cut rates across remortgages with cashback, fixed for two or five years, up to 90% LTV.
Further, HSBC will reduce selected BTL remortgage, switching and borrowing more rates, as well as pricing for international borrowers, including residential, remortgage and BTL customers.
Clydesdale Bank cuts mortgage pricing
Clydesdale Bank will introduce lower mortgage rates across some products, effective from 3 December.
The lender will cut selected fixed core residential rates, including product transfer, by up to 0.24%.
Similar reductions will also be made across selected purchase and remortgage exclusive mortgage products.
Lastly, Clydesdale Bank will drop professional mortgage rates by as much as 0.16%.
