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TODAY'S OTHER NEWS

Another lender cuts Buy To Let mortgage deals

Virgin Money has cut a range of its core, exclusive and buy to let deals.

BTL core and exclusive highlights include - 50 per cent loan to value two-year fix, with a £3,995 fee reduced by 11 bps to 4.07 per cent; and selected fixed rates are cut by up to 10 basis points.

Virgin also says that selected residential and BTL product transfer fixes are reduced by up to 33 bps.

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Virgin Money head of intermediary sales Richard Walker says: “We have made a number of reductions across our residential and BTL range supporting all segments of the market including those customers who may be looking to make the next step on the housing ladder.  

“For those customers looking for longer term security we have a new five-year fixed rate at sub four per cent at 65 per cent LTV.” 

Exclusive highlights that have changed include a 65 per cent LTV purchase five-year fix, with a £1,495 fee, reduced by 14 bps to 3.90 per cent and a 65 per cent LTV remortgage five-year fix, with a £995 fee will be reduced by 21 bps to 3.91 per cent.

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    Cut as in cut the interest rate not cut them out? If so then it's some good news in a sea of bad news.

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    I think mortgage rates will start to come down this year.

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    Maybe, but likely not by much though

     
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