The Principality will increase the product transfer rate tomorrow by up to 25 basis points, but Accord will reduce transfers from purchase to rental by up to 58 basis points.
Meanwhile, HSBC’s previously announced cuts of up to 31 basis points came into effect today.
In the Principality, many of the two-, three- and five-year fixed rates for product transfers between 65% and 75% loan-to-value will increase by up to 25 basis points.
Some of the two- and five-year discount rates for residential product transfers will increase by similar amounts, as will some shared ownership agreements for product transfers.
The lender reduces the fixed rates for various holiday rental products and discount rates with an LTV of 60% by 15 basis points.
Tomorrow, Accord will be making significant reductions in the transfer of products from purchase to rental.
The two-year interest rate will fall by 25 to 58 basis points, the three-year interest rate by a maximum of 47 basis points and the five-year interest rate by 40 to 58 basis points.
HSBC’s latest round of price cuts, which were announced by the lender yesterday without disclosing the size of the cuts, came into effect today.
As a result of the changes, some rates are up to 31 basis points lower than before.
Yesterday, Fleet announced it would implement increases of up to 20 basis points.