Mortgage rates have been at an unprecedented low in recent months, perhaps unsurprising given the fact that the Bank of England Base Rate has never been lower. But higher inflation is now leading to speculation that there may be a need for that to change. The expectation of a Bank of England Base Rate rise coming sooner than previously anticipated is feeding into the cost of funding for lenders. That is now being reflected in fixed rates which are already beginning to increase and some of the very lowest rates are being nudged up. To help customers keep track of lender moves, L&C’s Ratewatch will keep you posted on the movers in the market. Check back here for more details or follow us on Twitter @landc To see how you could benefit from reviewing your mortgage check out our new online calculator..
Latest Rate Moves
29 Nov
HSBC increased all their remortgage sub-75% fixed rates, and reduced their 85%-90% purchase rates
30 Nov
Digital withdrew all their 80% and their 2-year 85% rates, and reduced their high LTV ratesVirgin Money increased a selection of their sub-75% rates. West Brom cut their 90% and 95% rates and launched new 75% remortgage dealsClydesdale increased a selection of 75% 5 year fixed rates
24 Nov
NatWest increased all 2 yrand 5 yr rates up to 75%, and reduced a number of higher LTV rates
23 Nov
Monmouthshire BS withdrew their 75% 2 year fixed rates – including the last sub-1% fix for new business on the marketScottish Widows increased their remortgage rates at 60% and 75% Nottingham BS reduced their 5 year 95% fixed rateAccord increased rates on a selection of their lower LTV products, but reduced some rates at higher LTVs
19 Nov
Principality cut their 2 and 5 year 95% fixed ratesCoventry increased a selection of their 2 year fixed rates, and withdrew all of their 10 year fixed rates
17 Nov
Virgin Money increased most of their sub-75% ratesTSB cut their 90% 2 and 5 year deals, and increased some of their other 5 year fixes
16 Nov
Clydesdale increasedtheir residentialand Buy to Letrates.
15 Nov
Halifax improved their high LTV purchase rates and their 60% and 75% remortgage ratesSkipton increased almost all of their 2 and 5 year fixed rates Platform improved their high LTV rates
12 Nov
TSB reduced their 95% ratesAccord cut their 75% 10 year fixes, and a selection of rates up to 95%.
11 Nov
NatWest increased all their sub 75% rates.
10 Nov
Coventry withdrew most of their 50% rates and increased their 65% and 75% fixesClydesdale withdrew their lowest fixed rates
9 Nov
Digital increased their 2and 5 yr 80% rates, and their 2 yr 85%and 90% ratesTSB withdrew their trackers and increased their 60% and 75% fixes
5 Nov
Skipton withdrew all of their 3 year fixes
Leeds increased their 80% and 85% rates, but launched new 60% and 75% deals
4 Nov
HSBC increased almost all rates, and removed their last sub-1% fixNatwest increased most of their 60% 2and 5yr fixes, and a selection of 70% & 75%Skipton withdrew all of their 3 year fixed ratesNationwide increased most of their 60% & 75% fixes. All trackers withdrawn completelyCoventry increased their 95% rates.
3 Nov
Platform increased almost everything, though cutting some 95%The West Brom increased all but three of their fixed ratesYorkshire Building Society withdrew all of their tracker ratesTSB withdrew their 2 and 5 year remortgage fixed rates with fees up to 75%.
1 Nov
Halifax increase purchase rates up to 75%, all remortgage rates up to 90%. This leaves Halifax with nothing under 1%, and marks the end of sub-1% 5yr rates
29 Oct
Barclays increase majority of fixed rates up to 85%, all sub-1% deals now goneTSB withdraw their 3 yr fixes and increase majority of other fixed rates aside from their 95% 5 yr fix which improves
28 Oct
NatWest increase all residential 60%, 70% and 75% rates HSBC increase almostall 60%, 70% and 75% fixesfor the second time in two weeks, leaving just one sub-1% fixVirgin increase 65% and 75% rates residential 2 and 5 yr fixes
27 Oct
Nationwide increase most 60% & 75% purchase ratesNottingham all 2yr rates increased
26 Oct
Santander increase 60% & 75% fixed rates and withdraw all 3yr fixes, leaving no rates under 1%
21 Oct
Natwest removes last sub-1% 5yr, increasing rates on Green dealsLeeds withdraws a range of 65% & 75% fixes, no fixed rates under 1%
20 Oct
Nationwide increases almost all sub-75% rates, no 5yr fix under 1%
19 Oct
Barclays increases low LTV rates
18 Oct
Halifax increases most remortgage & purchase 5yr ratesAndrew Bailey, BoE Gov, tells G30 meeting BoE ‘will have to act’ on inflation
15 Oct
Coventry & Skipton increase BTL rates
13 Oct
HSBC increases rates, no 3yr or 5yr under 1%Natwest increases rates, only one 5yr (Green mortgage) remains under 1%
8 Oct
Platform (Co-Op Bank) go from lowest rates on the market to none under 1%Coventry increases low LTV rates
