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Major lenders have been shaving prices in recent weeks as swap rates have fallen and it’s Barclays’ second reduction to fixed rates in as many weeks. Barclays has cut the cost of fixed rate mortgages for new residential and buy-to-let borrowers by up to 0.2 percentage points, writes Jo Thornhill. Andrew Bailey, Bank of England governor, told MPs on Wednesday that the UK is now “much nearer” to the top of the current interest rate cycle.
- Halifax is increasing its two and five-year fixed rates for residential homebuyers by up to 0.2 percentage points from Wednesday , writes Jo Thornhill.
- Its two-year fixed rate is 6.64percent (65percent LTV) with a 2.5percent arrangement fee.
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Halifax is increasing its two and five-year fixed rates for residential homebuyers by up to 0.2 percentage points from Wednesday , writes Jo Thornhill. It will offer two-year fixed rates at 5.44percent and five-year rates at 4.99percent (75percent LTV), both with a 995 fee. TSB is increasing selected fixed-rate deals from tomorrow by up to 0.25 percentage points for new and existing customers. But NatWest has nudged up the cost of selected two-year tracker rate mortgages by up to 0.4 percentage points.
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