Accord, Coutts, Halifax and Santander raise mortgage rates again

by Aaron Strutt

Jun 27 2023

More banks and building societies are starting to increase their mortgage rates again after a relatively quiet few days. 

So far this week, Accord Mortgages, Coutts, Halifax for Intermediaries and Santander have pushed up the cost of mortgage borrowing. Atom Bank has also raised its prime and near-prime mortgages by up to 0.55%.

Santander made a range of fixed-rate rises today and pulled its cheapest mortgages available to borrowers with a 40% deposit. The bank raised its residential mortgages by up to 0.46% and its buy-to-let mortgages by up to 0.42%. 

The rises by Accord Mortgages will affect most of its new borrowers with varying deposit sizes. The biggest increases have been for first-time buyers with five per cent deposits - these deals have risen by up to 0.56%. 

Aaron Strutt, product director at Trinty Financial, says: "We consistently tell our clients they need to act quickly if they find a mortgage product they like or at least looks reasonable value for money. 

"The Bank of England only raised the base rate last week, but the increase has made it harder for the lenders to price their mortgages. The lenders regularly tell us mortgage funding costs change on a daily basis."

Aldermore Bank has also raised its buy-to-let two and five-year fixes by 0.30% and its residential deals by 0.4%. 

Data provided by Uswitch shows the average mortgage rates across the big six lenders*:

*Nationwide, Santander, HSBC, Halifax, Barclays Bank, NatWest & Lloyds Bank. Data provided by Uswitch.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

The information contained within was correct at the time of publication but is subject to change

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