Your round-up of mortgage rate changes and product updates over the past week
If you’re trying to keep up with the constant stream of lender changes, you’re in the right place. This is your broker-friendly snapshot of what’s moved over the past week—what’s gone up, what’s come down, and which moves were limited to certain products, terms, or LTVs.
Mortgage Introducer keeps a close eye on reprices, new product launches and withdrawals, plus any lending criteria changes that are genuinely worth having on your radar—so you can scan the headlines fast and get back to advising clients.
Updates are listed alphabetically to make it easy to jump straight to the lenders you care about.
Here’s your weekly round-up of UK mortgage rate and product changes from the past seven days:
Barclays raised rates by 0.15% across its existing residential mortgage range, including purchase-only and remortgage-only two-, three-, five- and 10-year fixed products.
BM Solutions repriced its mortgage range, raising fixed rates for buy-to-let and let-to-buy in personal ownership by 0.08% to 0.19% and increasing limited company buy-to-let fixed rates by 0.05% to 0.15%, while product transfers and further advances rose by 0.15%.
Co-operative Bank withdrew all products for new customers with no immediate replacement.
Coventry Building Society has given notice of its withdrawal of rates for new customers earlier this week, but has indicated that no replacements will be announced until next week.
Clydesdale Bank withdrew a small number of residential fixed-rate mortgage deals, including professional two- and five-year fixed products at 65%-85% loan-to-value and broker-exclusive two- and five-year fixed remortgage and purchase products across 50%-85% LTV bands.
Halifax raised pricing across its fixed-rate mortgage ranges, increasing remortgage fixes by 0.15% and purchase fixed-rate deals by 0.10%.
HSBC UK announced it would raise rates across a broad range of UK residential and buy-to-let mortgages, including fixed-rate, tracker, fee saver, standard and selected “Premier Exclusive” products, for existing customers, first-time buyers, movers and remortgagers, effective Monday, March 23. It is also lifting pricing on energy-efficient (‘A’ and ‘B’ EPC-rated) and international ranges.
Inspired Lending cut rates across its product range for new loans, with pricing now starting from 0.79% per month, down from 0.89% per month.
InterBay enhanced its commercial and semi-commercial lending criteria, including lending up to 75% of market value—rather than using the lower of market and vacant possession value—subject to an 85% vacant possession cap, and lowering the residential split threshold for semi-commercial pricing to more than 50% from 55%.
Landbay launched a number of its Premier range buy-to-let products in Scotland, following an initial phased rollout, making 75% LTV deals available to the whole broker market for landlords with up to 15 mortgaged properties, with two-year fixes from 3.14% (5% fee) to 5.64% (zero fee) and five-year remortgage fixes from 4.19% (5% fee) to 5.25% with free valuation and £500 cashback.
LiveMore cut its minimum borrower age to 40 from 50, expanding eligibility for its later-life lending products.
London Credit launched an enhanced refurbishment finance range for property investors across residential, semi-commercial and commercial properties, offering £150,000 to £3 million loans over three to 24 months priced from 0.85% per month, with day-one lending up to 75% LTV for light/medium residential and 70% for heavy, and up to 90% loan-to-cost, after a recent round of product changes.
Market Harborough Building Society enhanced its UK and expat buy-to-let ranges, including for high net worth borrowers, by raising the maximum loan size to £3 million, making up to 80% loan-to-value available on lower-rate tier 2 products, and expanding tier 2 eligibility to more scenarios such as non-standard income, complex properties and joint borrower sole proprietor cases.
Melton Building Society reduced rates across its fixed-rate Credit Repair mortgage range for borrowers with mild to severe adverse credit by up to 0.30 percentage points on two-year fixes up to 80% loan-to-value, all subject to a £199 application fee and varying completion fees.
Nationwide increased selected fixed rates across its new business and existing business product ranges by up to 0.35%.
NatWest raised its two-year fixed remortgage rate for borrowers with at least a 40% deposit to 4.32% from 3.97%, a 35-basis-point increase. Many of its other mortgage products were also increased by about 0.35%.
Nottingham Building Society expanded its residential new-build lending criteria in the UK to accept developer incentives of up to 5% of a property’s value on mortgage applications submitted via its IDI Broker Portal, and to allow offers to remain valid for up to nine months.
Precise launched a second charge bridging range, expanding its bridging finance proposition.
Santander hiked new-business mortgage rates for first-time buyers, home movers, large loans, remortgages and buy-to-let by up to 0.03%, while most residential and buy-to-let product-transfer rates rose by up to 0.19%.
SDKA reduced its BRIDGE 75 Semi-Commercial rate by 0.60% to 0.95% per calendar month for loans over £250,000 up to 75% LTV.
Selina Finance launched a five-year fixed second-charge product with no early-repayment charges on its high loan-to-value range above 85% LTV, and rolled out criteria changes to broaden eligibility, including removing its debt-to-income calculation, raising maximum borrower age to 80 and lowering the minimum loan to £5,000 from £10,000.
StreamBank reduced its bridging loan rates, with new loans starting from 0.59%. It also broadened valuation criteria, saying it would consider automated valuations up to 75% in some cases and offer desktop valuations for properties valued up to £2 million.
Virgin Money increased a range of mortgage fixed rates across purchase, remortgage, buy-to-let and product-transfer deals in the UK, raising two-year fixes by 0.35%, five-year fixes by 0.30% and 10-year fixes by 0.25%, including shared-ownership fixes up to 0.35% and specified LTV bands by 0.20–0.25%.
West Bromwich Building Society has announced fixed rate withdrawals with no immediate replacements.
Are you a mortgage lender whose product and rate changes weren’t included in this round-up? Email the author to have your latest product updates included.
