Rob Gill, managing director at Altura Mortgage Finance pointed out that Halifax’s increases seems more like repositioning rather than a reaction to the base rate increase earlier this month.
“This is not an uncommon strategy for lenders who become market leaders for a period time. After a while they tend to pull back and let business levels settle,” he said.
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Meanwhile, Scottish Building Society withdrew a number of five year fixed rates from the market due to demand in what may represent an effort by home and property buyers to lock in a lower rate in response to market increases.
jane.matthews@ft.com
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