Virgin Money has raised selected fixed-rate home loans by 22 basis points, while Bluestone mortgages cut some residential restorations by up to 25bps.
High Street lenders say the increase in listing today includes:
- 75% loans to value for fixed growth of up to 22bps, starting at 4.22%
- 80% of LTVs have two-year and five-year fixed rates rise to 17bps, starting at 4.14%
- 95% of LTVs have a fixed growth of 10bps for two- and five-year periods, starting at 4.99%
- Two- and five-year repair costs were £2,195, up 0.15% from 4.07%
- The selected five-year fixed rate is up to 13bps, starting at 3.91%.
Meanwhile, Bluestone Mortgages for clients targeting complex credit are reduced within its scope.
The Shawbrook Bank-owned lender said that within its core range, Clear products now start at 5.79% and up to 65% of LTV, down 20bps.
The clear five-year fix now starts at 5.64%, up to 65% LTV and 5.69%, up to 70% LTV, both down 15bps.
Within the lender’s BBB range, the two-year fix now starts at 6.64%, with the highest 65% LTV and 6.69% LTV, both starting at 6.69%, both lowering 25bps.
“These latest changes provide consultants with more opportunities to find the right solution for clients,” said Steve Griffiths, commercial director of retail mortgages at Shawbrook.
