Virgin Money has launched a range of exclusives and rate cuts, while Coventry for intermediaries will come to market with repriced deals on Friday (1 December)
Highlights of the bank’s exclusives offers include:
Purchase exclusives with £500 cashback
Purchase exclusives with £300 cashback
Product transfer fixed-rate deals with a £1,495 fee
The lender has also cut purchase and landlord rates by up to 28 basis points, which includes:
Purchase exclusives have been reduced by up to 18bps, with rates starting from 4.42%
Buy-to-let exclusives have been reduced by up to 28bps, with rates starting from 4.62%
Meanwhile, Coventry for intermediaries will reprice and launch new products at 8am on 1 December, after closing the relevant offers at 8pm on 30 November.
The broker-only site says its changes will cover:
Residential
New borrowers
Existing borrowers
Reducing all fixes
New borrowers
Existing Borrowers
John Charcol mortgage technical manager Nicholas Mendes says: “This week is starting to feel like the last push for lenders to secure the remaining opportunities before the winter break.
“Over the next fortnight expect to see lenders reprice one last time before they turn their attention towards the new year.
“The past week has seen a raft of repricing from high street lenders and building societies, with the latest notice coming from Coventry Building Society.
“Given how competitively Coventry Building Society is priced among the best buys tables, the latest reprice could be the moment we see another sub 4.5% alongside Nationwide’s.”
