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A swathe of product transfer rates for existing Skipton customers are also being reduced. This includes a five-year fixed rate at 60percent LTV, which is now at 4.31percent with a 999 fee. Selected deals for purchase and remortgage at 80percent https://mrbetlogin.com/mr-bet-casino-canada/ LTV are also being increased. Volatile market conditions are prompting more lenders to increase fixed-rate mortgage deals, writes Jo Thornhill. Clydesdale Bank has also given notice to brokers that it will increase selected residential fixed rates by up to 0.2 percentage points from 13 February. Nationwide’s two-year fixed rate for remortgage will rise to 4.54percent with a 1,499 fee (60percent LTV), while the equivalent five-year deal will rise to 4.14percent.
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Santander and Virgin Money, two of the market’s biggest mortgage lenders, are increasing the cost of home loans following last week’s interest rate rise, writes Jo Thornhill. HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Precise Mortgages, the specialist buy-to-let lender, is withdrawing its residential and BTL range at 8pm today . Following government intervention last month, mortgage lenders agreed to sign up to a mortgage charter, aimed at supporting borrowers in financial difficulties due to rising rates. Rates will be lowered by 0.22 and 0.54 percentage points respectively. The reductions include a residential purchase or remortgage product at 75percent LTV, fixed for two years at a new rate of 6.23percent.