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Santander and Halifax, two of the UK’s biggest mortgage lenders, have both increased selected fixed rates again for new borrowers, writes Jo Thornhill. Buy-to-let fixed rates for remortgage will increase by up to 0.35 percentage points to start at 5.36percent. The banks were asked about what longer term fixed rates they had available for remortgage customers, which could offer greater stability around payments. Barclays and NatWest are increasing the cost of selected fixed rates for new customers from tomorrow . It comes as bosses at a number of high street lenders were grilled earlier today by the Treasury Select Committee over high rates for borrowers, writes Jo Thornhill. NatWest has increased fixed rates for residential remortgage, purchase and first-time buyers by up to 0.38 percentage points.
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