Santander today in increases selected residential new business fixed-rate deals, as well as some landlord and residential offers.
It is also lifting the maximum loan size on selected residential fixes and withdrawing some buy-to-let tracker deals.
Changes are:
– New 75% LTV landlord two-year tracker rate at 5.64%, with a £1,999 product fee;
– All other BTL tracker products will be withdrawn;
– Selected residential fixed rates increase by between 4bps and 33bps for purchases and remortgages;
– Maximum loan size increase on selected residential fixed rates to £1m from £570,000 at 90% loan to value
And on product transfers:
– Selected BTL fixed rates increase by between 11bps and 15bps;
– New BTL two-year tracker rate at 5.64%, with a £1,999 product fee;
– All other BTL two-year tracker products will be withdrawn;
– Selected residential fixed rates increase by between 8bps and 23bps.
The Bank of England last week left interest rates on hold at 5.25%, a 16-year high, for the sixth time in a row..