Halifax Intermediaries makes price changes, Virgin Money cuts rates

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Halifax Intermediaries has made rate changes to homemover, first-time buyer, product transfer and remortgage rates.

For homemover and FTBs, Halifax has made rate decreases of up to 0.14% on selected fixed rate products.

For the lenders remortgage products, rates will increase by as much as 0.13% on selected fixed rate products.

In addition, product transfer and further advance prices have gone up by up to 0.11% on selected fixed rates.

Elsewhere, Virgin Money has announced it will launch new deals and cut rates, effective tomorrow (23 September).

Within the lender’s exclusive purchase range, it will launch a 75% loan-to-value (LTV) two-year fixed rate with a fee of £895 at 3.99% as well as a 75% LTV two-year fixed rate fee-saver which will launch at 4.24%.

In the same range, Virgin has cut 75% LTV five-year fixed rates by 0.16% to start from 4.06% and 90% LTV two-year fixed rate fee-saver which has been lowered by 0.16% to 4.52%.

The purchase 95% LTV two-year fixed rate fee saver will be reduced by 0.10% to 4.99% while the 95% LTV five-year fixed rate fee saver will go down by 0.10% to 4.89%.

Remortgage products including 65% LTV two-year fixed rates will be cut by up to 0.34% to start from 3.99% while 65% LTV five-year fixed rates will be lowered by up to 0.12% to start from 4.04%.

In the buy-to-let (BTL) range, Virgin has reduced the 60% LTV two-year fixed rate with a 3% fee by 0.15% to 2.83% while the 75% LTV two-year fixed rate with a fee of 3% will be cut by 0.10% to 3.04%.

Meanwhile, Virgin Money will withdraw its exclusive purchase 95% LTV two-year fixed rate fee-saver at 4.99% from 8pm today.


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