HSBC has lower its lowest rate to 3.75%, whereas Virgin Money has trimmed rates and launched new merchandise.
HSBC has shaved a spread of residential rates by up to 8 foundation factors, with its lowest rate for Premier clients coming in at 3.75%, for two-year 60% loan-to-value residence loans, with a £999 charge.
Other HSBC highlights embrace:
Purchase:
Two-year 60% LTV fixes, with a £999 charge, down by 4bps to 3.78%. Its Premier rate is now priced at 3.75%
Remortgage:
Two-year 75% LTV fixes, with a £999 charge, down by 5bps to 4.06%
Meanwhile, Virgin Money has additionally trimmed rates by up to 15bps and launched exclusives.
Virgin Money highlights embrace:
New unique buy:
Two-year fee-saver fixes at 90% LTV can be launched at 4.51%
New unique remortgage:
Two-year fee-saver fixes at 75% can be launched at 4.40%
Exclusive remortgage:
Two-year fixes at 75% LTV, with a £995 charge, can be lower by 15bps to 3.99%
Five-year fixes at 75%, with a £995 charge, can be lower by 13bps to 4.01%
Last week, Santander launched 60% to 75% LTV two-year fixes for residence movers, ranging from 3.73% with a charge of £999.
