Halifax has become the latest lender to pull products, while lowering selected deals from 14 October.
Keystone Property Finance will withdraw products this evening and raise rates when they return.
Halifax says its remortgage, homemover and first-time buyer products will see the introduction of early repayment charge-free tracker products, in a note to brokers.
But it will also pull tracker products with early repayment charges in this range.
The major lender adds that product transfer and further advance products will have their rates cut on selected products.
Meanwhile, Keystone says it will withdraw its current five-year fixed rate deals on all product transfers, product transfer plus and switch & fix products at 5.59pm today.
Its “new increased rates will be available shortly,” says the lender in a note to brokers.
These moves come after Santander, Coventry for intermediaries, Co-operative bank for intermediaries, Molo and LiveMore all said this week that they will either pull products or raise rates.
This comes amid uncertainty over whether the Bank of England will push through two rate cuts this year as unrest in the Middle East threatens to lift oil prices and push up inflation.
Publisher: Source link
