Mortgage Finance Gazette
Halifax will lift a selected range of two- and five-year residential house purchase loans by up to 20 basis points on Wednesday (13 March), while Buckinghamshire Building Society has introduced a large loan deal.
The lender says the changes will affect its homebuyer offers, including first-time buyer, large loans, new build deals.
Its affordable housing – shared equity/shared ownership and equivalent green home products, will also be impacted by the move.
The firm tells brokers they must submit applications in full by 8pm on 12 March to secure existing product codes.
It adds that there will be no changes to remortgage, product transfer and further advance deals.
The move comes as Santander, the Co-operative Bank and NatWest all announced rate rises today, as they adjust to City forecasts of a Bank of England rate cut in June, rather than in the spring, as many lenders had hoped.
Meanwhile, Buckinghamshire Building Society launched home loans of up to £1m.
The mutual says key features of its new Prime 80 loan include:
- Fixed rate of 6.39% until 31 May 2027
Maximum LTV 80% - Terms of up to 40 years
- Available for purchase or remortgage
- Available for FTBs
- Loans range from £250,000 to £1m
