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- It comes as other mainstream lenders Santander and Virgin Money have both withdrawn or increased their sub-4percent fixed rates.
- Scottish Widows, part of Lloyds Banking Group, is cutting five-year fixed rates on product transfer deals and for borrowers wanting a further advance .
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The cost of selected fixed rate deals for home purchase are pushed up with two-year rates starting from 5.09percent (80percent LTV) with a 995 fee. Five-year fixed rates at 90percent LTV will start from 5.34percent with no fee. HSBC is changing selected fixed rate deals for new borrowers and existing customers from tomorrow .
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For BTL the lender has a two-year fixed rate at 6.14percent (60percent LTV) with no fee. Skipton building society has unveiled its new fixed rate deals for residential and buy-to-let borrowers, after it announced rate cuts yesterday. Among other highlights Nationwide also has a fee-free three-year fixed rate at 6.09percent (75percent LTV). Its product transfer fixed rates and deals for additional borrowing will also be trimmed from tomorrow by up to 0.14 percentage points.
