NatWest, Nationwide and Santander announce mortgage rate increases

The three lenders have announced rate increases across their residential and buy-to-let product ranges.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
30th April 2024
house price coin up

Three of the 'Big 6' mortgage lenders have increased rates across their mortgage ranges, effective from today.

Santander has increased selected residential fixed rates in its new business and product transfer ranges. It has also increased all buy-to-let fixed rates in the new business range and selected buy-to-let fixed rates in its product transfer range.

Selected residential fixed rates have risen by between 0.04% and 0.20% for purchases and remortgages. All large loan fixed rates have increased by 0.10% and all buy-to-let fixed rates are up by between 0.05% and 0.25%.

For product transfers, selected residential fixed and tracker rates have increased by between 0.04% and 0.20% and selected buy-to-let rates by up to 0.17%.

Nationwide has also announced widespread rate rises across its new business and existing customer product ranges.

Two, three, five and 10-year fixed rates have increased between 60% and 90% LTV for new members moving home, first-time buyers and remortgage customers.

Nationwide has also increased selected rates for existing customers moving home, alongside two and five-year additional borrowing and switcher rates.

In NatWest's core residential range, two-year fixed rate purchase and remortgage rates have risen by between 14-22bps, while five-year fixed rates have increased by up to 21bps.

First-time buyer, shared equity products, green mortgages and buy-to-let rates have also increased by up to 0.22%.

NatWest has also launched new two and five-year fixed rate residential products, including high value and remortgage options.

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