Halifax will increase rates by 15 basis points on remortgage deals tomorrow, while the banking group’s buy-to-let arm, BM Solutions, will increase prices by up to 19 basis points.
Halifax will apply the 15 basis point price increase to all fixed rates for remortgaging, further advances or product transfers, while all fixed rates for purchase will increase by 10 basis points tomorrow.
At BM Solutions, all fixed purchase and rental rates for personal property will increase by 8 to 19 basis points.
All fixed interest rates for buy-to-lets from companies will increase by 5 to 15 basis points.
BM’s product transfer and further progress will increase by 15 basis points.
Halifax and BM Solutions emailed brokers shortly after the Bank of England’s decision to hold the base rate steady with their latest price update.
Advisors have until 8 p.m. tonight to secure pending deals.
The increases follow a wave of price revisions and product withdrawals this week, with lenders citing rapidly changing and exceptionally volatile market conditions.