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  • This deal, which is available for residential purchase and remortgage purposes, offers a choice of 350 cashback or a remortgage transfer service.
  • The biggest rate cuts are for borrowers with the smallest cash deposit or equity in their home.
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  • Other leading lenders are expected to follow suit in the coming days as the market settles following last week’s interest rate rise by the Bank of England.

Virgin Money and HSBC have cut selected fixed rates, with new deals including rates at sub-5percent, as a price war has broken out, writes Jo Thornhill. Specialist buy-to-let lender Fleet Mortgages has cut rates on its five-year fixed rate deals by up to 0.2 percentage points. Market Harborough building societyhas cut selected fixed rates by up to 0.35 percentage points. The rate reductions apply across their specialist lending areas, including expat, buy to let and multi-generation. Nationwide, the second biggest lender, has cut residential fixed rates for new and existing customers by up to 0.45 percentage points. At the same time Santander has launched a range of three-year fixed rate deals with no fee, available to new customers and on product transfer deals.

June: Tsb Joins Throng Of Lenders Hiking Cost Of Borrowing

This is the lender’s third round of mortgage rate increases this month. Most lenders have adjusted rates upwards in recent weeks in response to inflation data in the UK and in the United States which shows prices are not falling as quickly as had been hoped. Its two-year fixed rate at 95percent LTV is priced at 5.84percent with a 999 fee, or there’s a 6.14percent equivalent with no arrangement fee.

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Its five-year fixed rates will start from 5.4percent (60percent LTV) happy-gambler.com use a link with a 995 fee. The biggest cuts are seen in two-year fixed rates for home purchase for borrowers with a small deposit. Nationwide is offering a two-year fix at 6.44percent (down by 0.29 percentage points) with a 999 fee for buyers with just a 5percent cash deposit.

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It is offering a residential remortgage five-year fixed rate at 5.89percent (90percent LTV) with a 999 fee. Virgin Moneyis cutting rates for home purchase and larger mortgage loans (over 1 million). Two and five-year fixed rates for larger loan remortgage are available at 5.4percent and 4.99percent respectively at 75percent loan to value with a 1,995 fee.

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HSBC is cutting selected fixed rates across its residential and buy-to-let mortgage ranges for new and existing customers looking for a new deal, effective from tomorrow, writes Jo Thornhill. For home purchase its two-year fixed rates start from 5.18percent with a 495 fee, or five-year rates start at 4.64percent with a 1,295 fee. Both deals are available for borrowers with at least a 40percent cash deposit. Free spins are the most popular type of no deposit bonus because they are beneficial to both the online casino and clients.

This is because the market increasingly feels the Bank of England won’t cut interest rates when its Monetary Policy Committee meets on 20 June. Standard five-year fixed rates for home purchase start from 4.40percent with a 995 fee (60percent LTV), or from 4.83percent over two years. Its two-year fixed rate for residential remortgage is 5.19percent with a 495 fee (at 60percent loan to value).