H Gen Gen raised some mortgage rates by 25 basis points this afternoon while pruning other mortgages, while Virgin Money is lowering interest rates and introducing new products.
Starting at 5.30 pm today, H Gen will redefine several transactions, including raising a 25bps loan amount of 60% of the loan value.
Under LTV in all other LTV tiers, lenders will increase their five-year fixed interest rate by 15bps, while LTV’s loan ratio increases by 10 barrels at 85% LTV.
Two-year fixed for up to 80% of LTVs will increase 5bps, but two-year and three-year fixed for 90% and 95% of LTVs are trimmed by 5bps.
Some other rates will be adjusted with smaller quantities, but their new build enhancement transactions have not changed.
Virgin Money will launch many new products tomorrow and lower the price of certain transactions.
Within its exclusive cashout range, fixing two-year LTV to 75% LTV at a cost of £995, reducing 15bps to 3.99%, while the five-year equivalent is being reduced by 13bps to 4.01%.
For shared ownership borrowers, the selected fixed interest rate will be reduced by up to 11bps, with the new price starting at 4.08%.
75% LTV’s two- and three-year product transfer transactions will be reduced by up to 10bps, with new prices starting at 3.89%.
