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HBOS pulls products across all brands to reprice

HBOS has begun pulling its products for repricing across nearly all of its brands, following yesterday’s increase in rates from Halifax.

BM Solutions, The Mortgage Business and the Bank of Scotland have sent emails to brokers this morning alerting them of product withdrawals.

Halifax yesterday increased rates by 0.5 per cent on some of its 2 year tracker deals.

However, it also chose to maintain prices on all of its 3 and 5 year fixed rates in order to give “customers greater certainty.”

10 year fixed rates were also held at 5.99 per cent.

BM Solutions is pulling around 20 products across its mainstream, self-cert and buy-to-let mortgage ranges.

Both TMB and BoS are also withdrawing rates across their self-cert and BTL ranges.

All of these products will be withdrawn by close of business tonight with new products launched tomorrow.

John Charcol senior technical manager Ray Boulger says: “The fact that Halifax has maintained some rates is a lot better than what a lot of other lenders are doing.”

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