It’s five-year fixed rate for first-time buyers with a 40 per cent deposit will now sit at 4.24 per cent, an increase of 0.1 per cent.
Henry Jordan, Director of Home at Nationwide Building Society, said: “Given the recent increase in swap rates, we are having to make some small increases on selected mortgage rates this week so that we can continue to balance our support for all types of borrowers with theHSBC was one of the first to up its prices this week, increasing rates on variable, buy to let, re-mortgage and fixed rates. Standard variable rates for homeowners are rising from 6.79 to 6.
Other providers are pulling products altogether, most likely due to oversubscription. Platform, which launched a market leading five-year fixed deal for 3.75 per cent, withdrew it within 72 hours.
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Source: i newspaper - 🏆 8. / 89 Read more »