Swaps are used by mortgage lenders to price their fixed-rate deals for borrowers. The interest rate, at 5.49percent, is higher than mainstream five-year fixed deals, reflecting the higher risk of default carried by the lender. According to our broker partner Better, the average rate for five-year fixed rates is 4.30percent. It is expected other lenders will follow suit in pulling their deals and launching new fixed rate products with higher rates.

Existing customers looking to switch to a new deal can get a two-year fixed rate at 5.38percent or a five-year fix at 4.99percent (both have 999 fees). And remortgage deals for new buy-to-let customers (60percent LTV) include a two-year fixed rate at 5.54percent or a five-year fix at 5.19percent (1,999 fees apply). TSB is increasing the cost of its fixed rate mortgage deals, as research shows the average five-year fixed rate has risen above 6percent, https://happy-gambler.com/irish-luck/ writes Jo Thornhill. Halifax is now offering a two-year fixed rate for remortgage at 6.21percent or a five-year rate at 5.83percent, both with a 999 fee (for loan to value ratios of between 60percent and 85percent). Both Barclays and NatWest have given notice to mortgage brokers today of their intention to increase fixed rates. Barclays and NatWest have unveiled higher fixed rates for mortgage borrowers with some deals increased by up to 1.25 percentage points, writes Jo Thornhill.

• Its two-year remortgage rate for BTL will start from 6.14percent (65percent LTV) with no arrangement fee (the rate is 5.84percent with a 1,499 fee).
• Specialist BTL lender Landbay has cut rates on two and five-year fixed rates by up to 0.2 percentage points.
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But with mortgage rates climbing rapidly over the past 18 months, taking out a mortgage over 35 and even 40 years has become the only way to make buying a home affordable for many buyers. Virgin Money has announced an increase to its standard variable rate , the rate borrowers default to after their fixed rate deal ends unless they switch to a new fixed or tracker deal. It will increase to 8.74percent from 8.24percent and is now one of the highest SVRs on the market.

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Clydesdale Bank, part of Virgin Money group, is increasing the cost of selected fixed-rate mortgage deals, available through brokers, including those for people with a small cash deposit or equity in their home. Skipton building societyis launching a number of additional two and five-year fixed rate deals for new customers with 40percent cash deposit or equity (60percent LTV), or at least 25percent deposit or equity (75percent LTV). When the online casinos promote a new table game or have players that prefer table games, instead of straight money, they’ll offer a 5 free chip. Again, you can place bets with this bonus, but of course, you’ll be required to fulfill the wagering requirements. These bonuses are very rare, but might be available in some online sites.

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The increases follows hikes of up to 0.25 percentage points to fixed rates by the lender last week. Santander and Virgin Money, two of the market’s biggest mortgage lenders, are increasing the cost of home loans following last week’s interest rate rise, writes Jo Thornhill. Bank of Ireland is withdrawing residential rates available through brokers under its Bespoke mortgage arm from 6pm today . The Bespoke range offers more flexible criteria than BoI’s standard mortgage range. Average five-year fixed rate residential deals are now at 6.01percent (up from 5.97percent yesterday), while average two-year fixed rates are at 6.47percent, according to data compiler Moneyfacts.

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Buy-to-let fixed rates are also being cut by up to 0.2 percentage points. There is a five-year fix for purchase and remortgage at 4.37percent (60percent LTV) with a 1,479 fee. Zephyr Home Loans, the specialist buy-to-let provider, is cutting its tracker product rates by up to 0.4 percentage points. It is offering a lifetime tracker deal at Bank of England Bank Rate plus 1.69percent, giving a starting pay rate of 5.94percent (65percent LTV). The same deal for landlords of houses of multiple occupancy is now at Bank Rate plus 1.89percent, giving a starting pay rate of 6.14percent.

Its new two-year fixed rate (85percent LTV) will be priced at 6.55percent, for example. Principality building society has said it will increase fixed rates for new residential customers at higher loan to value ratios from Thursday, 20 July. The lender’s two-year fixed rate for remortgages starts from 6.31percent (65percent LTV) with a 995 fee, or from 5.56percent for the equivalent five-year deal. However, recent rate cuts will be cold comfort to the customers of an estimated 2.4 million fixed rate deals which end between summer 2023 and the end of 2024, according to UK Finance. Three major lenders – NatWest, Halifax and Virgin Money – have cut rates across a range of mortgage products, offering further hope that home borrowing costs may have reached their peak, writes Laura Howard. Two, three and five-year fixed rates have also been cut for home movers and first-time buyers.

To get the lowest rates borrowers must use Gen H’s legal service for conveyancing. At the same time, Barclays has slashed fixed rates by up to 0.57 percentage points for purchase and remortgage on loans of between 2 million and 5 million. This table-topping deal, which has been reduced by 0.14 percentage points, is available to home buyers with at least 40percent deposit and has a 999 arrangement fee. The mutual’s equivalent two-year fixed rate for home purchase will start from 4.65percent. Virgin is offering a five-year fixed rate for BTL remortgage at 4.74percent (60percent LTV) with a 1percent fee. Alternatively there is a five-year fixed rate for remortgage at 4.59percent (also 60percent LTV) with a 2,195 fee.