NatWest has increased rates by up to 0.17% while Melton Building Society has cut rates by as much as 0.20%.
Within the lender’s new business core residential range, a 60% loan-to-value (LTV) five-year fixed rate remortgage is going up from 4.27% to 4.44% with no product fee.
In the Help to Buy: shared equity residential range, a five-year fixed rate remortgage at 60% LTV has risen from 4.42% to 4.59%. This comes with no product fee and cashback £500.
The lender has also made rate cuts by as much as 0.10%. The 90% LTV first-time buyer two-year fixed rate has gone down from 5.49% to 5.39%. It comes with no product fee of £250 cashback.
Within the same range, the five-year fixed rate purchase at 90% LTV has gone down by 0.08% to 4.70%. This comes with a product fee of £995 and cashback of £250.
Meanwhile, Melton Building Society has reduced rates by up to 0.20% across its 80% loan-to-value (LTV) fixed two- and five-year fixed residential products.
The society’s two-year fixed offering is now available at 4.90%, and a five-year fixed at 4.59% both with no application fees, and a free basic valuation.
The five year fixed has the added bonus of £500 cashback.
Melton Building Society product manager William Bell says: “As a mutual building society with 150 years of experience in supporting both savers and borrowers, we recognise the importance of offering consumers good value.”
“By introducing these rate changes we are hoping to provide more opportunities for Brokers to assist their clients in achieving their home ownership ambitions and give confidence to prospective borrowers to take the plunge into their next move.”
