Financials How have UK mortgage rates been affected?

Given uncertainty over the Coronavirus and its implications for global financial markets, risk premiums have been rising. The UK Financial Rate Tracker provides an indication of whether banks are passing this on to higher loan-to-value mort

24 Mar 2020
  • Barclays UK's interest rate for mortgages with a 90% LTV ratio increased from 1.8% to 2.2% between December 2019 and February 2020.
  • At HSBC, the rate for LTV ratios of 75% or higher rose 30-40bps over the same period.
  • Meanwhile, Lloyds has not shown any rate increase for similar loan-to-value mortgages.

UK Rate Monitor - HSBC Mortgage Loan/Value Interest Rate

Source: UBS Evidence Lab