Barclays and NatWest have introduced rate changes to some of their buy-to-let purchase mortgage products.
Barclays has raised rates across no fewer than 62 products on its buy-to-let, residential and Help to Buy ranges by up to 12bps.
The lender blamed the recent increase in the cost of funds for the hikes.
NatWest has also raised rates, which it said reflected ‘current market conditions’.
Some of its two-year fixed rate BTL purchase products have increases of one to 3bps, while some five-year fixed rate purchases are up by between 6 and 11bps.
Natwest has also made changes to some buy-to-let remortgages, particularly the two-year fixed rate deals, which are up by between one and 6bps.
A NatWest Intermediary Solutions spokesman said: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”
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Thu, 12 Apr 2018 12:00:00 GMT