TSB, Virgin Money and Clydesdale Bank have all announce rate cuts across a variety of products, as lenders continue to offer new and improved deals following the base rate cut at the start of August. All new deals for each lender will be available from tomorrow, August 30.
Starting with TSB, the high street lender’s changes include:
TSB
Residential
Two- and three-year remortgage fixes, down by up to 45bps
Buy to let
Two- and five-year house purchase and remortgage fixes, down by up to 15bps
Product end dates move out to the end of January
Product transfer
Launches residential two-year fixes up to 75% loan to value, with fees of £1,495
Residential two-, three- and five-year fixes, down by up to 50bps
BTL two- and five-year fixes up to 75% LTV, down by up to 15bps
Product end dates move out to the end of January
Additional borrowing
Residential two-, three- and five-year fixes, down by up to 50bps
BTL two- and five-year fixes, down by up to 15bps
VIRGIN MONEY
Virgin Money have cut BTL and resi rates by up to 28bps, which covers:
Purchase with £995 fee and £300 cashback
Two-year 85% loan-to-value fixes will be reduced by 20bps to 4.74%
Five-year 85% LTV fixes will be reduced by 20bps to 4.34%
Five-year 90% LTV fixes will be reduced by 17bps to 4.59%
Purchase fee-saver with £300 cashback
Five-year 85% LTV fixes will be reduced by 15bps to 4.54%
Five-year 90% LTV fixes will be reduced by 28bps to 4.72%
Five-year 95% LTV fixes will be reduced by 18bps to 5.14%
Exclusive purchase with £300 cashback
Five-year 80% LTV fixes, with £895 fee, will be reduced by 10bps to 4.22%
Five-year 90% LTV professional fee-savers will be reduced by 28bps to 4.71%
The lender’s further cuts include:
Selected shared ownership rates will be reduced by up to 24bps, with rates starting from 4.29%
Selected Own New rates will be reduced by up to 20bps, with rates starting from 0.45%.
Selected retrofit boost rates will be reduced by up to 20bps, with rates starting from 4.29%
But-to-let rates, with a £2,195 fee, will be reduced by up to 14bps, with rates starting from 4.17%
Selected BTL rates, with a £995 fee, will be reduced by up to 12bps, with rates starting from 4.44%
Selected 65% LTV and 75% LTV product transfer rates will be reduced by up to 15bps with rates starting from 3.94%
CLYDESDALE BANK
Finally, Clydesdale Bank has lowered rates by up to 0.42% on its core residential, buy-to-let and exclusive ranges.
Selected two- and five-year fixed rates will be lowered by up to 0.42% and will start from 4.11%.
The other changes include:
Exclusive product transfer range
65% loan-to-value (LTV) two- and five-year fixes will be launched and start from 4.06%.
Exclusive remortgages
Two- and five-year fixed rates will be lowered by up to 0.14% while a 65% LTV five-year fix will be added at 3.99%.
Fixed exclusive purchase products
Selected two- and five-year products will be lowered by up to 0.25% and will now start from 4.19%.
BTL products
Selected two- and five-year fixed rates will be reduced by up to 0.20%.
Exclusive large loan products
Two- and five-year fixed rates will be reduced by up to 0.14%, starting from 4.31%.
Professional products
Selected two- and five-year fixed rates will be reduced by up to 0.16%, starting from 4.29%.
