HSBC has cut its lowest rate to 3.75%, while Virgin Money has trimmed rates and launched new products.
HSBC has shaved a range of residential rates by up to 8 basis points, with its lowest rate for Premier customers coming in at 3.75%, for two-year 60% loan-to-value home loans, with a £999 fee.
Other HSBC highlights include:
Purchase:
- Two-year 60% LTV fixes, with a £999 fee, down by 4bps to 3.78%. Its Premier rate is now priced at 3.75%
Remortgage:
- Two-year 75% LTV fixes, with a £999 fee, down by 5bps to 4.06%
Meanwhile, Virgin Money has also trimmed rates by up to 15bps and launched exclusives.
Virgin Money highlights include:
New exclusive purchase:
- Two-year fee-saver fixes at 90% LTV will be launched at 4.51%
New exclusive remortgage:
- Two-year fee-saver fixes at 75% will be launched at 4.40%
Exclusive remortgage:
- Two-year fixes at 75% LTV, with a £995 fee, will be cut by 15bps to 3.99%
- Five-year fixes at 75%, with a £995 fee, will be cut by 13bps to 4.01%
