After the mass lender exodus last week due to the proposed tax cuts, mortgage lenders have thankfully started returning to the market. But with higher rates as expected. When will rates go down again? Who knows. But as mortgage advisors we are very happy that we can start helping clients get mortgages again and we are always going to be here to help you to remortgage or product transfer to a lower rate when rates go back down in the future.
Below are a few of the lenders who have re-joined the market so far and a highlight of some of their rates.
Halifax new higher rates:
2 year rates
Max 60% LTV = 5.84%
Max 75% LTV = 5.84%
Max 80% LTV = 5.99%
Max 85% LTV = 5.99%
Max 90% LTV = 5.99%
Max 95% LTV = 6.39%
5 year rates
Max 60% LTV = 5.44%
Max 75% LTV = 5.44%
Max 80% LTV = 5.44%
Max 85% LTV = 5.44%
Max 90% LTV = 5.54%
Max 95% LTV = 5.99%
Barclays new higher rates:
Residential
3.58% EMC Reward 1 Year Fixed £0 product fee, 75% LTV, will increase to 5.08%
3.13% EMC Reward 2 Year Fixed £999 product fee, 60% LTV, will increase to 4.63%
3.53% EMC Reward 2 Year Fixed £0 product fee, 60% LTV, will increase to 5.03%
3.22% EMC Reward 2 Year Fixed £999 product fee, 75% LTV, will increase to 4.72%
3.58% EMC Reward 2 Year Fixed £0 product fee, 75% LTV, will increase to 5.08%
3.32% EMC Reward 2 Year Fixed £999 product fee, 85% LTV, will increase to 4.82%
3.68% EMC Reward 2 Year Fixed £0 product fee, 85% LTV, will increase to 5.18%
3.73% EMC Reward 2 Year Fixed £0 product fee, + 85% LTV, will increase to 5.23%
3.30% EMC Reward 3 Year Fixed £999 product fee, 60% LTV, will increase to 4.80%
3.46% EMC Reward 3 Year Fixed £0 product fee, 60% LTV, will increase to 4.96%
3.50% EMC Reward 3 Year Fixed £999 product fee, 85% LTV, will increase to 5.00%
3.72% EMC Reward 3 Year Fixed £0 product fee, 85% LTV, will increase to 5.22%
3.15% EMC Reward 5 Year Fixed £999 product fee, 60% LTV, will increase to 4.65%
3.39% EMC Reward 5 Year Fixed £0 product fee, 60% LTV, will increase to 4.89%
3.23% EMC Reward 5 Year Fixed £999 product fee, 75% LTV, will increase to 4.73%
3.46% EMC Reward 5 Year Fixed £0 product fee, 75% LTV, will increase to 4.96%
3.34% EMC Reward 5 Year Fixed £999 product fee, 85% LTV, will increase to 4.84%
3.57% EMC Reward 5 Year Fixed £0 product fee, 85% LTV, will increase to 5.07%
3.73% EMC Reward 5 Year Fixed £0 product fee, + 85% LTV, will increase to 5.23%
3.18% EMC Reward 7 Year Fixed £749 product fee, 75% LTV, will increase to 4.68%
3.30% EMC Reward 7 Year Fixed £0 product fee, 75% LTV, will increase to 4.80%
3.05% EMC Reward 10 Year Fixed £749 product fee, 75% LTV, will increase to 4.55%
3.48% EMC Reward 10 Year Fixed £0 product fee, 75% LTV, will increase to 4.93%
3.18% EMC Reward 2 Year Fixed £1999 product fee, 70% LTV, will increase to 4.64%
3.10% EMC Reward 5 Year Fixed £1999 product fee, 70% LTV, will increase to 4.60%
3.15% EMC Reward 10 Year Fixed £1999 product fee, 70% LTV, will increase to 4.65%
3.25% EMC Reward rate switch only 2 Year Fixed £1999 product fee, +70% LTV, will increase to 4.65%
3.42% EMC Reward rate switch only 5 Year Fixed £1999 product fee, +70% LTV, will increase to 4.82%
Buy to Let
2.86% EMC Reward BTL 2 Year Fixed £1795 product fee, 65% LTV, will increase to 4.36%
3.32% EMC Reward BTL 2 Year Fixed £0 product fee, 65% LTV, will increase to 4.82%
3.06% EMC Reward BTL 2 Year Fixed £1795 product fee, 75% LTV, will increase to 4.56%
3.42% EMC Reward BTL 2 Year Fixed £0 product fee, 75% LTV, will increase to 4.92%
3.12% EMC Reward BTL 5 Year Fixed £1795 product fee, 65% LTV, will increase to 4.62%
3.43% EMC Reward BTL 5 Year Fixed £0 product fee, 65% LTV, will increase to 4.93%
3.21% EMC Reward BTL 5 Year Fixed £1795 product fee, 75% LTV, will increase to 4.71%
3.51% EMC Reward BTL 5 Year Fixed £0 product fee, 75% LTV, will increase to 5.01%
3.90% EMC Reward BTL 2 Year Fixed £0 product fee, + 75% LTV, will increase to 5.18%
4.39% EMC Reward BTL 5 Year Fixed £0 product fee, +75% LTV, will increase to 5.27%
3.00% EMC Reward BTL 2 Year Fixed £1795 product fee, 60% LTV, will increase to 4.20%
3.10% EMC Reward BTL 5 Year Fixed £1795 product fee, 60% LTV, will increase to 4.30%
What Does The Future Hold?
There will no doubt be plenty of other banks and building societies jumping back into the lending market again over the next few days. It seems like the standard rate will be between 4% and 6% for pretty much all products for the time being until inflation is back in hand and the BOE starts to reduce the base rate again. Stay tuned to our website to get all the latest rate change information.
If you or anyone you know is concerned about mortgage rates rising or just wants to see what kind of mortgage product and rate might be available, please feel free to give our team a call today to see how we can help.
