First-time buyer and home mover options are also included, covering fixed and tracker ranges, high-value mortgages and products aimed at energy-efficient homes with EPC ratings of ‘A’ or ‘B’. Remortgage pricing is due to rise on fixed and tracker products, including cashback and energy-efficient variants.
International residential and international remortgage products are also being repriced, with fixed and tracker rates increasing between 60% and 75% LTV.
Across buy-to-let, HSBC said purchase, remortgage and existing customer switch products will see higher rates, including fixed, tracker and Premier-exclusive deals. The changes cover 60% to 80% LTV bands, including energy-efficient options.
Santander also confirmed increases to its mortgage product rates, citing market conditions. Its new business and product transfer fixed rates will rise, with product transfers increasing by up to 0.53% and new business fixed rates rising by up to 0.41% across residential and buy-to-let.
The lender is also lifting some residential and buy-to-let affordability rates as its pay rates increase, while keeping its loan-to-income limits unchanged.