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.
The lender’s UK buy-to-let (BTL) remortgage range, UK BTL purchase range and UK BTL existing customer range will also see rate rises.
For two-year fixes, the 95% LTV fee saver has gone up by 0.15% to 3.84% while the 90% LTV with a £999 fee has risen by 0.10 to 3.29%,
For five-year fixes, the 95% LTV fee saver has increased by 0.25% to 3.94% and the 90% LTV with a £999 product fee has gone up by 0.25% to 3.44%.
Commenting on the rate increases, a spokesperson of HSBC UK says: “We continually review our Mortgage range and take a number of factors into account when setting rates. Upon review, we have today we have made changes to some of our Existing Customer mortgage rates.”
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 from today.
Two- and 10-year fixes for residential product transfers will go up by 0.50%, while two- and five-year fixes between 0% and 75% LTV for BTL product transfers will go up by 0.50%.