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Virgin Money withdraws remortgage exclusives and tweaks EWSI policy; TSB cuts rates – round-up

Anna Sagar
Written By:
Posted:
August 18, 2023
Updated:
August 18, 2023

Virgin Money has withdrawn select remortgage exclusives and has streamlined its EWS1 form process.

The lender has removed four of its remortgage exclusive seven day special deals with £1,495 fee and £750 cashback.

This includes its two-year fixed rate at 65 per cent loan to value (LTV) at 5.99 per cent and at 80 pr cent LTV at 6.1 per cent.

Its five-year fixed rate at 65 per cent LTV at 5.44 per cent and at 80 per cent LTV at 5.6 per cent have also been taken down.

The deals were removed at 8pm on 17 August.

Virgin Money added that it had “streamlined” its EWS1 approach, so the firm would only request an EWS1 form if valuers need it and are unable to locate it on their database.

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The lender added that it would accept an EWS1 form from the broker so they do not need to upload it to the FIA portal.

 

TSB reduces select rates by up to 0.6 per cent

TSB has lowered select residential three-year fixed rate and five-year fixed rates by up to 0.6 per cent from today.

Three-year fixed rate house purchase rates up to 75 per cent LTV have fallen by up to 0.1 per cent. Pricing starts from 5.84 per cent at 60 per cent LTV.

Five-year fixed rate house purchase rates have fallen by up to 0.6 per cent, with pricing beginning from 5.29 per cent at 60 per cent LTV.