Mortgage Rates - August MPC Meeting - BE QUICK!!

[Sarnie]

I wouldn't normally post things like this but I've recently had a lot of clients concerned about another base rate rise and it's impact on mortgage pay rates.

I've just had this from one of the leading UK mortgage lenders.........they are increasing every single one of their rates. We've had similar from other lenders too.....

You have till tomorrow evening to secure rates..........

"With effect from Thursday 4th August, we’ll be making a number of changes to our
residential and Buy to Let (BTL) mortgage product ranges.

Summary of changes

Existing residential customer switching
• 2 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 3 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 60%, 80%, 85%, 90% and 95% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Existing residential customer borrowing more
• 2 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 60%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential First Time Buyer
• 2 Year Fixed Fee Saver at 60%, 85%, 90% and 95% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 60%, 70%, 75%, 85% and 95% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80% and 85% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80% and 85% LTV increased
Residential remortgage / home mover
• 2 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 70% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV increased
International residential new business / existing customer
• 2 Year Fixed Fee Saver at 60%, 70% and 75% LTV increased
• 2 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 5 Year Fixed Fee Saver at 60%, 70% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV increased
Existing BTL customer switching / borrowing more
• 2 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 5 Year Fixed Fee Saver at 65% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 65% and 75% LTV increased
BTL purchase
• 2 Year Fixed Standard at 60%, 65% and 75% LTV increased
• 5 Year Fixed Fee Saver at 60% LTV increased
• 5 Year Fixed Standard at 60%, 65% and 75% LTV increased
BTL remortgage
• 2 Year Fixed Standard at 60%, 65% and 75% LTV increased
• 5 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 65% and 75% LTV increased

We have removed from sale our Two Year Fixed Rate Fee Saver products within our UK Buy to Let
Purchase and Remortgage ranges until further notice. We have also removed from sale our 75%
Two Year Tracker products within our UK Buy to Let ranges until further notice.


Full applications must be completed by midnight, Wednesday 3rd August in order to secure a
product(s) from our current range. "

[essayer]

but my fix is until March !!! argh

[Captain Raymond Holt]

Feb here, I’ll be knocking on your door (again!) soon.

[V1nce Fox]

Thanks for posting this Sarnie.

Had potentially been looking at taking out a BTL in the future but this is all looking a bit wobbly!

[bigandclever]

Just say it's HSBC

[Sarnie]

bigandclever said:

Just say it's HSBC

It's across the board.........the above is just a single example............we've got numerous applications to get submitted to various lender by 10:30pm tonight....

This was just supposed to be a nudge for anyone sitting on a rate decision on a right now, to make it quickly, thats all.......

[PH.sausages]

Thanks Sarnie,

Do you think they've increased to the extent which would indicate a base rate rise of 0.50% - 0.75% on Thursday ?

[The Rotrex Kid]

Thread running here

https://www.pistonheads.com/gassing/topic.asp?h=0&...