26/07/2022
Lenders Interest Rate News
HSBC has increased rates across multiple mortgage products, increasing between 0.10% and 0.30% across all loan-to-values (LTVs), effective today.
Increases will be seen across its residential existing customer switching range and its residential existing customer borrowing more range.
Elsewhere, Santander has announced it will be updating its residential and BTL affordability rates from 27 July following the Bank of England’s base rate increase in June.
It also noted that for residential applications it will increase the minimum national insurance threshold to £12,570 in line with government changes.
In addition, it will update the household expenditure figures to reflect the most recent Office of National Statistics (ONS) data.
Meanwhile, TSB has also made product changes, increasing rates across its residential product transfer and BTL product transfer range.
So yet more increased mortgage costs across 3 major lenders, there may be more to come.
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