Santander is the latest bank to announce interest rate increases, effective July 22.
The lender said it would raise prices on repair rates across its new business range.
It also says there will be an expansion of its range with new 10-year fixes for first-time buyers and home movers across multiple loan-to-value (LTV) ranges, including new construction.
In addition, Santander will launch new two-year and five-year repairs for a fee of £1,499 for new build customers.
Most fixed rates for residential move and buy-to-let (BTL) products will be increased, but there will be no changes to tracker rates in the lender’s new business move and product ranges.
Elsewhere, Accord Mortgages will be raising its rates across residential and new BTL business products but will also be making select cuts to residential property rates.
Within a lender’s residential range, fixed rates at 85% LTV will increase by up to 0.26% and fixed rates at 90% LTV will increase by up to 0.22% or be reduced by up to 0.11%.
Accord will also increase tracking rates by up to 0.03% or decrease them by up to 0.16%.
Two- and three-year BTL fixes on all LTVs will rise by up to 0.07%, while five-year BTL fixes on all LTVs will rise by up to 0.09%.
In addition, tracking rates on all long-range vehicles will increase by up to 0.07%.
Meanwhile, Newcastle Brokers has relaunched its Sole Owner Syndication Mortgage Group.
The lender says the relaunch aims to “better reflect the changing needs of today’s homebuyers”.
