Virgin Money will cut a range of standard variable fees by up to 50 basis points, while the Co-operative Bank drops fixed-rate mortgages by as much as 35bps.
Virgin Money along with its sister lender and Clydesdale Bank will make the following changes to their standard variable rates tomorrow (23 January):
Virgin Money
- Standard variable rate falls to 7.74% from 8.24% ·
- Buy-to-let variable rate falls to 8.24% from 8.44%
Clydesdale Bank
- Standard variable rate falls to 7.74% from 8.24%
- Offset variable rate falls to 7.74% from 8.45%, buy-to-let variable rate and offset variable investment housing loan rate falls to 8.24% from 8.74%
Meanwhile, the Co-operative Bank has today (22 January) cut residential home loans for new and existing customers by up to 35bps.
The lender’s changes include:
New business — Residential
- Selected two- and five-year fixes fall by up to 35bps
Professional mortgage
- Selected two- and five-year fixes fall by up to 26bps
Retention — Residential
- Selected two- and five-year fixes fall by up to 35bps
