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Virgin launches high LTVs; TSB and Platform up rates ‒ round-up

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  • 09/05/2022
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Virgin launches high LTVs; TSB and Platform up rates ‒ round-up
Virgin has brought out high loan to value (LTV) purchase and remortgage and buy-to-let (BTL) products, made rate changes to its residential and BTL range and withdrawn certain products.

The new products will be available from tomorrow.

They include purchase fixed rates between 75 and 90 per cent LTV, which come with a £495 fee and £500 cashback.

The lender has also brought out 85 per cent LTV remortgage fixed rates, which come with a £1,295 fee, free valuation and free legals.

There is also a five-year fixed rate BTL deal at 75 per cent LTV and select product rates would increase.

It added that from 8pm today all 80 per cent LTV fixed rates would be withdrawn

This includes certain products between 65 and 90 per cent LTV, which will go up by 0.23 per cent. Rates begin from 2.23 per cent.

Selected BTL fixed rates between 60 and 75 per cent LTV will rise by 0.15 per cent. Rates start from two per cent.

 

TSB ups select rates and withdraws products

TSB has increased certain rates by 0.25 per cent, upped its variable rates and withdrawn select products.

In its BTL range, select five-year fixed rate house purchase and remortgage rates have gone up by 0.25 per cent.

Its five-year fixed rate for purchase and remortgage starts from 2.84 per cent and go up to 3.54 per cent.

In its residential range, the lender has increased select five-year fixed rate first-time buyer and house purchase products between 75 and 90 per cent LTV by 0.1 per cent.

Rates between 75 and 80 per cent LTV start from 2.99 per cent and go up to 3.19 per cent at 85 and 90 per cent LTV.

Its five-year fixed rates for new-build first-time buyer and house purchase rates have gone up by 0.1 per cent.

Rates begins from 2.96 per cent at 80 and 85 per cent LTV, and at 85 to 90 per cent LTV the rate is 3.09 per cent.

The lender has also withdrawn its two-year fixed rate first-time buyer, purchase and remortgage products with £995 fee.

 

Platform ups SVR, reversionary rates and tracker products

Platform has increased its standard variable rate to 5.24 per cent and upped the reversionary rate for its buy-to-let products.

Its BTL reversionary rate up to 70 per cent loan to value (LTV) is 5.5 per cent and is six per cent up to 75 per cent LTV. This applies to new business and product switch ranges.

In its product switch range, its two-year tracker mainstream products have increased by 0.25 per cent.

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