More hikes on the heel of recent ones

SBS and The Co-operative Bank have both increased most of their fixed rate home loans and this latest round of increases comes just days after the previous ones.

The Co-operative Bank has raised all its fixed rates with the exception of the six month term. The increases are 10 basis points in each of the terms. Its floating rate remains unchanged (it was increased recently).

SBS on the other hand has increased every one of its fixed rates with one exception - that is the one-year special which it lowered earlier in the week to a market leading 4.19%.

The increases apply to all fixed terms and to its Standard, Special and Low equity rates.