TSB Bank has revealed the details of several mortgage rate changes that it announced on 22 July. The changes concern a selection of product transfers, which have received rate cuts of up to 0.15 per cent, and residential mortgages. For two-year fixed rates for purchase, changes include: the 60 per cent LTV with £995 fee…
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Halifax, HSBC, NatWest and Virgin Money have all updated their lending policies. They are changing their mortgage rates. Virgin Money has increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there also increased to its 7-year and 10-year fixes. NatWest is also making…
Mortgage approvals for house purchase fell to 56,200 in March, says Bank of England. It is the lowest level since March 2013, according to the latest Money and Credit statistics from BoE. The analysis found that the rate on new variable-rate mortgage borrowing fell by 17 basis points in March. However, the cost of fixed-rate…