Co-op and Virgin Money make rate cuts Mortgage Strategy

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The Co-operative bank for intermediaries has relaunched selected mainstream and buy-to-let (BTL) products for new business and retention while Virgin Money has launched seven-day specials and reduced selected rates.

The co-operative bank for intermediaries has cut selected two- and five-year fixes by up to 0.32% in its residential range across new business and product switches.

The lender has also reduced its BTL rates by up to 0.0% on selected two- and five-year fixes for new business and product switches.

For its professional mortgages and help-to-buy products, rates will remain the same.

Meanwhile, Virgin Money has launched three seven-day specials, which will be available until 22 July.

These include

  • 75% LTV remortgage five-year fix at 4.40%
  • 80% LTV purchase five-year fix at 4.46% with a free valuation
  • 90% LTV purchase five-year fix at 4.75% with a free valuation

All three come with a fee of £995.

The lender is also reducing rates across its intermediary exclusives, core and product transfer ranges.

For its intermediary exclusive range BTL five-year fixes with a fee of £2,195 have been reduced by up to 0.10% while in its core range a 90% LTV purchase five-year fix with a fee of £995 has been lowered by 0.02% to 4.82%.

In the product transfer range, 65% and 75% LTV five-year fixes have been cut by up to 0.18%.


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