Halifax, Keystone become latest lenders to pull products   – Mortgage Strategy

Halifax has turn into the most recent lender to raise charges and pull merchandise, whereas decreasing chosen offers from 14 October.

Keystone Property Finance may even pull merchandise this night.

Halifax says its remortgage, homemover and first-time purchaser merchandise will see the introduction of early reimbursement charge-free tracker merchandise, in a be aware to brokers.

However it’s going to additionally pull tracker merchandise with early reimbursement expenses on this vary.

The most important lender provides that product switch and additional advance merchandise can have their charges minimize on chosen merchandise.

In the meantime, Keystone says it’s going to withdraw its present five-year fastened price offers on all product transfers, product switch plus and swap & repair merchandise at 5.59pm as we speak.

Its “new elevated charges will likely be accessible shortly,” says the lender in a be aware to brokers.

These strikes come after Santander, Coventry for intermediaries, Co-operative financial institution for intermediaries, Molo and LiveMore all mentioned this week that they may both pull merchandise or elevate charges.

This comes amid uncertainty over whether or not the Financial institution of England will push by way of two price cuts this yr as unrest within the Center East threatens to raise oil costs and push up inflation.