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- The expectation is that the rate will be cut by the Bank of England at its next meeting on 1 August, probably by 0.25 percentage points, taking it to 5percent.
- Virgin has a purchase exclusive deal, through brokers, at 4.58percent with a 1,295 fee (60percent LTV) and a five-year fixed rate for remortgage at 4.8percent (70percent LTV) with a 995 fee.
Rates up to 90percent loan to value are set to be cut by up to 0.2 percentage points. The bank, the third largest mortgage lender, has also slashed rates on two and five-year fixed-rate remortgage deals by 0.17 percentage points and 0.24 percentage points respectively. Its five-year fixed remortgage rate at 60percent LTV will now start from 5.15percent with a 1,495 fee.
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The rate hike will affect two-year fixed rates for remortgage, including for larger loans (2 million to 5 million), as well as shared ownership and shared equity deals, and green mortgage loans. NatWest is reducing selected five-year fixed rates for purchase and remortgage from tomorrow . The lender’s two-year fixed rate for home purchase is happy-gambler.com read review now at 4.63percent with a 999 fee, for borrowers with at least 40percent deposit (60percent loan to value). Two-year fixed rates for remortgage for borrowers with at least 20percent equity in their property (80percent LTV) are now at 5.34percent with a 995 fee or 5.74percent with no fee. Santander for Intermediaries has cut selected residential fixed rates by up to 0.24 percentage points. It follows cuts by the bank of up to 0.21 percentage points at the end of March.
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Bath building society has cut fixed rates across its range for residential and BTL mortgage borrowers and also cut the cost of a range of discounted rate deals. The mutual is offering a two-year fixed rate at 6.04percent (80percent LTV) and an equivalent five-year rate at 5.64percent. Co-operative Bank for Intermediarieshas cut fixed rates for residential and buy-to-let borrowers, effective from tomorrow .
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It is offering a two-year fixed rate for purchase customers at 4.58percent (60percent LTV) with a 995 fee. The five-year fixed buy-to-let rate is 4.69percent (60percent LTV) with a 995 fee (down 0.31 percentage points). At the same time Skipton has increased fixed mortgage rates across its residential and buy-to-let ranges. It is offering a two-year fixed rate for purchase and remortgage at 4.81percent (60percent LTV) with a 995 fee.
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Costs of five-year deals at 60percent loan to value will start from 4.29percent with a 999 fee, while two-year deals will start from 4.69percent. TSB is increasing the cost of selected residential fixed rate deals from tomorrow by up to 0.15 percentage points for new customers and up to 0.25 percentage points for existing customers . Halifax will raise two-year fixed rates on selected product transfer deals for existing customers by 0.32 percentage points. The cost of selected fixed rate deals for home purchase are pushed up with two-year rates starting from 5.09percent (80percent LTV) with a 995 fee. Five-year fixed rates at 90percent LTV will start from 5.34percent with no fee. Barclays, which cut selected fixed rates by up to 0.25 percentage points earlier this week, is sitting among the best-buys with its two-year remortgage fixed rate at 4.64percent (60percent LTV) with a 999 fee.