Barclays is raising prices by up to 55 basis points tomorrow, with widespread rate increases across both buy-to-let and residential products.
Existing customer deals and new business rates will both see price hikes.
It comes as the average mortgage rate surged to 5.48% this morning, according to Moneyfacts, a jump of 59bps since the start of the war.
The biggest increases tomorrow are in Barclays’ buy-to-let range, including the following examples:
Buy-to-let purchase
A 75% LTV two-year fixed at 4.58% with a £1,295 fee has increased by 55bps to 5.13%.
A 75% LTV five-year fixed at 4.15% with a £1,295 fee has increased by 55bps to 4.70%.
Buy-to-let remortgage
A 60% LTV two-year fixed at 4.28% with no fee has increased by 55bps to 4.83%.
A 75% LTV five-year fixed at 4.50% with no fee has increased by 55bps to 5.05%.
For residential borrowers there are also substantial rate hikes of up to 35bps including the following among many others.
Residential remortgage
A 60% LTV two-year fixed at 4.31% with a £999 fee has increased by 35bps to 4.66%.
A 75% LTV two-year fixed at 4.33% with a £999 fee has increased by 35bps to 4.68%.
An 80% LTV two-year fixed at 4.69% with a £999 fee has increased by 35bps to 5.04%.
An 85% LTV two-year fixed at 4.79% with a £999 fee has increased by 35bps to 5.14%.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
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