NatWest and TSB today announced further rate increases of up to 45 basis points, following increases they both announced yesterday.
Swaps rose today, with the two-year yield up 9.5 basis points from their position at yesterday’s close, and the five-year yield up 10.9 basis points.
TSB will hike prices on a number of home purchase deals for home and buy-to-let borrowers tomorrow.
The two-year fixes increase by 45 basis points, the three-year fixes by 30 basis points and the five-year fixes by 25 basis points.
These come after TSB today increased prices for remortgage deals by similar margins, which it announced yesterday.
NatWest will increase rates on product transfers and additional lending options tomorrow, but has not revealed by how much.
The bank has already increased prices on many deals today, including remortgages and purchases, most of which were around 15 basis points.
Fleet is relaunching fixed-rate products tomorrow after withdrawing them from sale on Monday due to “extreme volatility”.
Coventry Building Society is also relaunching new customer deals after taking it off sale on Sunday, but the new rates are up to 75 basis points higher.