Rate adjustments and other changes announced

HSBC, Santander, and NatWest have announced adjustments to their mortgage offerings. Effective Friday, January 17, these changes affect interest rates and product availability, catering to the evolving needs of borrowers in both residential and buy-to-let (BTL) markets.
HSBC: Rate adjustments
HSBC has announced rate adjustments across their fixed-rate deals in residential and BTL categories.
The following products will see changes:
- Existing residential: Two-, three- and five-year plans across 60%, 70%, 80%, 90% and up to 95% LTV are increasing
- Residential first-time buyer: Two-, three- and five-year plans across 60%, 70%, 80%, 90% and up to 95% LTV are increasing
- Residential remortgage: Two- and five-year plans across 60%, 70%, 80%, 90% and up to 95% LTV are increasing
- BTL rates: Two- and five-year plans across 60% up to 75% LTV are increasing
Santander: Rate updates across products
The lender is implementing residential fixed rate increases of up to 0.34% while also offering reductions of up to 0.29% on selected products.
In the buy-to-let sector, Santander is increasing rates by up to 0.20% across both new business and product transfer ranges. The lender is also withdrawing its £250,000 maximum loan purchase range, which previously covered loan-to-value (LTV) ratios from 60% to 95% on two-year fixed rates.
For product transfers, Santander’s changes include reductions of up to 0.15% on selected residential fixed rates, while other residential fixed rates will see increases of up to 0.18%. Buy-to-let product transfer rates will increase by up to 0.15%.
NatWest adjusts rate and streamlines products
NatWest has announced rate increases, focusing on residential mortgages. Key changes include increases of 0.10% on two-year fixed first-time buyer and home mover products up to 75% LTV, and 0.15% on three-year fixed products.
The lender is also revamping its affordable housing range, combining shared ownership and shared equity products.
Visit the respective sites of lenders to learn more about the specific rate increases.
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