HSBC and NatWest have announced changes to their mortgage range, effective today.
HSBS has increased its residential standard variable rate (SVR) from 4.04% to 4.29%.
The lender said any customers who are currently on the residential SVR will be notified of changes to their payments in writing.
It also highlighted that there are no changes to its buy-to-let SVR or any other rates,
Meanwhile, NatWest has extended its product transfer roll-off window from four months to six months.
The lender said the change includes its Metro to NatWest customers whose porting roll-off window also now aligns to six calendar months.
NatWest national account manager Luke Christodoulides says: “We’ve made great strides this year to improve our product transfer proposition, so that we have a streamlined process that enables our broker’s customers to switch easily.”
“In the current climate of increasing interest rates and uncertainty around cost of living we are pleased to be able to support our customers, to enable them to secure their new mortgage rate far earlier,” he adds.