In an update, the lender said it would be withdrawing its £250,000 maximum loan purchase range.
On the new business side, the lender has increased select standard residential fixed rates in its purchase remortgage and green ranges by up to 0.34%.
The majority of new-build fixed rates have been upped by 0.2%, while some were cut by up to 0.16%. A three-year fixed rate with no product fee is priced at 4.48% at 60% LTV and 4.18% with a £999 product fee.
All large loan fixed rates and green buy-to-let (BTL) fixed rates rose by 0.14% and 0.2%. Select BTL fixed rates increased by 0.15%.
A two-year fix for a minimum loan of £250,000 at 60% LTV is priced at 4.51% with a £1,999 fee, while the five-year equivalent is 4.38%.
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On the product transfer side, select residential fixed rates will fall by up to 0.15% and other residential fixed rates will rise by up to 0.18%.
Select BTL fixed rates will go up by 0.15%. A two-year fix at 75% LTV with no fee is priced at 5.1%.
TSB ups residential rates
TSB will make select residential rate increases from today (17 January), with rises of up to 0.15%.
The lender’s two-year fixed first-time buyer and homemover deals up to 75% LTV with a £995 fee have risen by 0.1% to 4.54%, along with its five-year fixed first-time buyer and homemover products from 75% to 85% LTV.
TSB’s two-year fixed remortgage products and its three-year fixed first-time buyer and homemover deals up to 75% LTV have been upped by 0.15% to 4.69% with a £495 fee.
The firm is combining its shared ownership and shared equity deals, with pricing beginning from 4.44%.
The range includes a two-year fixed fee-free remortgage with £500 cashback and two- and five-year fixed first-time buyer and homemover deals with no-fee and £995 fee options.
Shared ownership products above 85% LTV come with £500 cashback, and the lender said first-time buyer and homemover deals up to 85% LTV will no longer have £500 cashback.
There has been a raft of lender rate changes this week, with Virgin Money, Zephyr Homeloans and Vida changing their rates at the start of this week.
HSBC to increase residential and BTL rates
High street lender HSBC has announced it will join the two major lenders by increasing rates across its residential and BTL ranges, but has not confirmed the level of the cuts.
For existing residential customers switching or borrowing more, two-, three- and five-year fixed rate standard products and two- and five-year fixed premier exclusive products will rise.
Within the residential first-time buyer and homemover ranges, two- and five-year fixed fee-saver products up to 90% LTV will increase, and standard and premier exclusive products up to 90% LTV will also rise.
Residential first-time buyer and homemover energy-efficient home no-fee deals on two- and five-year terms up to 95% LTV will go up, while standard deals up to 90% LTV will rise.
On the remortgage side, two- and five-year fixed fee-saver, standard and premier exclusive deals up to 90% LTV will increase and high-value mortgages up to 75% LTV will go up.
On the BTL side, two-year fee-saver deals in its existing customer switching and borrowing more range at 75% LTV will rise, while two-year standard and five-year fee-saver deals from 60% to 75% LTV will go up. Five-year standard products from 60% to 65% LTV will go up.
This article is based on the story from YourMoney.com‘s sister site, Mortgage Solutions. Read: Santander, HSBC and TSB to make rate changes – round-up
