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Virgin Cash will lower chosen residential and landlord fixed-rate residence loans by as much as 28 foundation factors tomorrow (29 August).
The excessive avenue lender’s reductions embrace:
Buy with £995 price and £300 cashback
Two-year 85% loan-to-value fixes shall be decreased by 20bps to 4.74%
5-year 85% LTV fixes shall be decreased by 20bps to 4.34%
5-year 90% LTV fixes shall be decreased by 17bps to 4.59%
Buy fee-saver with £300 cashback
5-year 85% LTV fixes shall be decreased by 15bps to 4.54%
5-year 90% LTV fixes shall be decreased by 28bps to 4.72%
5-year 95% LTV fixes shall be decreased by 18bps to five.14%
Unique buy with £300 cashback
5-year 80% LTV fixes, with £895 price, shall be decreased by 10bps to 4.22%
5-year 90% LTV skilled fee-savers shall be decreased by 28bps to 4.71%
The lender’s additional cuts embrace:
Chosen shared possession charges shall be decreased by as much as 24bps, with charges ranging from 4.29%
Chosen Personal New charges shall be decreased by as much as 20bps, with charges ranging from 0.45%.
Chosen retrofit increase charges shall be decreased by as much as 20bps, with charges ranging from 4.29%
However-to-let charges, with a £2,195 price, shall be decreased by as much as 14bps, with charges ranging from 4.17%
Chosen BTL charges, with a £995 price, shall be decreased by as much as 12bps, with charges ranging from 4.44%
Chosen 65% LTV and 75% LTV product switch charges shall be decreased by as much as 15bps with charges ranging from 3.94%
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