Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

TSB, Barclays and Others Raise Mortgage Rates Across Product Ranges

TSB, Barclays, Skipton Intermediaries, Nottingham Building Society and The Co-operative Bank for intermediaries have announced increases to mortgage rates across a range of products. The changes affect both new and existing customers, with rate hikes impacting residential, buy-to-let, and remortgage products.

TSB is increasing rates on all fixed house purchase products by 0.15%. The lender is also raising prices on three-year fixed remortgage products by 0.15%.

Barclays has raised rates by around 0.20%, following its previous increase on 25 August. Nottingham Building Society has announced rate increases between 0.15% and 0.2%. These changes will apply to residential, standard buy-to-let (BTL), limited company BTL, and retirement interest-only products for both new business and retention. New customers will also see rate increases on foreign national and life happens products.

Skipton Intermediaries is increasing rates across its entire fixed mortgage range for both new business and existing customers. The lender has also introduced five-year fixed BTL products for existing customers only.

The Co-operative Bank for intermediaries will withdraw its current range at 5pm on 8 September, with an updated range available from 9 September.

These changes follow similar moves by other lenders, with HSBC, NatWest, Santander, TSB, and Skipton having already announced increases across parts of their ranges since the start of September.

For letting agents and inventory clerks, these rate increases may affect landlord clients considering new buy-to-let mortgages or remortgaging existing properties. The changes could also influence the affordability and attractiveness of new rental investments in the current UK property market.