{"id":44006,"date":"2023-12-13T18:19:00","date_gmt":"2023-12-13T18:19:00","guid":{"rendered":"https:\/\/cabanesetcompagnie.com\/?p=44006"},"modified":"2023-12-13T18:19:00","modified_gmt":"2023-12-13T18:19:00","slug":"virgin-money-announces-significant-cuts-to-mortgage-rates","status":"publish","type":"post","link":"https:\/\/cabanesetcompagnie.com\/world-news\/virgin-money-announces-significant-cuts-to-mortgage-rates\/","title":{"rendered":"Virgin Money announces \u2018significant\u2019 cuts to mortgage rates"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/23\/590x\/secondary\/virgin1-5114030.jpg?r=1702489115004\"><\/p>\n<p>Virgin Money has announced another wave of \u201csignificant\u201d cuts to mortgage rates in a boon for homeowners.<\/p>\n<p>The lender has slashed interest rates across its range of remortgage, buy-to-let and residential mortgage products.<\/p>\n<p>This comes as other banks and building societies are cutting mortgage rates in a bid to better support customers.<\/p>\n<p>Households have been forced to contend with soaring rates in recent years as central banks have struggled to control inflation.<\/p>\n<p>However, as the CPI rate has eased, interest rates are coming down too which is beneficial for mortgage holders.<\/p>\n<p><strong>Read more: Falling swap rates could mean mortgage rates are &#8216;set to drop&#8217; further<\/strong><\/p>\n<p>Get all the latest news, entertainment, sport and lifestyle updates from our dedicated American team.<\/p>\n<p>Follow<span>\u00a0<\/span><strong>Daily Express US<\/strong><span>\u00a0<\/span>on\u00a0Facebook<span>\u00a0<\/span>and Twitter<span>\u00a0<\/span>@ExpressUSNews<\/p>\n<h3>Martin Lewis speaks on loans and mortgages<\/h3>\n<p>Here is a breakdown of the latest changes to mortgage rates by Virgin Money as of December 14, 2023:<\/p>\n<p><strong>Remortgage Exclusives with 1% Fee <\/strong><\/p>\n<ul>\n<li>60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.20%, at 4.59%.<\/li>\n<li>70% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.20%, at 4.69%.<\/li>\n<\/ul>\n<p><strong>BTL Exclusives <\/strong><\/p>\n<ul>\n<li>2 &amp; 5 year fixed rates with \u00a32,195 fee will be reduced by 0.05%, starting from 4.59%.<\/li>\n<li>5 year fixed rates with 1% fee will be reduced by up 0.32%, starting from 4.74%.<\/li>\n<li>2 year fixed rates with 3% fee will be reduced by 0.15%, starting from 4.52%.<\/li>\n<li>5 year fixed rates with 3% fee will be reduced by up to 0.22%, starting from 4.44%.<\/li>\n<\/ul>\n<p><strong>Further selected reductions <\/strong><\/p>\n<ul>\n<li>Purchase &amp; Remortgage core fixed rates will be reduced by up to 0.36%, starting from 4.54%.<\/li>\n<li>Residential &amp; BTL Product Transfer fixed rates will be reduced by up to 0.30%, starting from 4.66%.<\/li>\n<\/ul>\n<p> <strong> Don&#8217;t miss&#8230; <\/strong> <br \/> <strong>Mortgage payments to rise by \u00a3240 a month despite interest rate drop[LATEST] <\/strong> <br \/> <strong>Homeowners to face high interest rates for foreseeable future, experts warn[LATEST] <\/strong> <br \/> <strong>Mortgage debt crisis as arrears for homeowners hit highest level in six years[LATEST] <\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/23\/590x\/secondary\/virgin2-5114035.jpg?r=1702489115104\"><\/p>\n<ul>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Support fearless journalism<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Read The Daily Express online, advert free<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Get super-fast page loading<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/logo\/logo-premium-subscription.png\"><\/p>\n<p>Brokers reacted positively to the news of Virgin Money\u2019s decision to cut interest rates even further.<\/p>\n<p>Justin Moy, a managing director at EHF Mortgages, believes other lenders will follow suit following the financial institution\u2019s decision.<\/p>\n<p>He explained: \u201cThese are significant rate cuts from Virgin Money and will make the rest of the high street lenders wake up from their Christmas snooze.<\/p>\n<p>\u201cWith rates firmly in the four percent range, what&#8217;s not to like? This may be due to improving Swap rates and the underwhelming GDP data, but Virgin have made a real statement of intent today, for the benefit of their borrowers and the wider market.\u201d<\/p>\n<p>Speaking to Newspage, Matthew Jackson, director of Mint FS, highlighted the thinking of many mortgage lenders.<\/p>\n<p>Mr Jackson added: \u201cIt would seem that we are finishing the year with a flourish of reductions from lenders, which is nothing but positive news for buyers, remortgagers and brokers as we head into 2024.<\/p>\n<p>\u201cDespite the poor GDP figures published today, lenders continue to compete for business as they look to secure transactions to help them achieve their 2023 lending forecasts.<\/p>\n<p>\u201cIn a year that has seen more negative trends than positive ones in the mortgage market, hopefully, this is a sign of an improving market as we enter 2024.&#8221;<\/p>\n<p>Source: <a href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/1845292\/virgin-money-mortgage-interest-rates-cut-significant\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virgin Money has announced another wave of \u201csignificant\u201d cuts to mortgage rates in a boon for homeowners. The lender has slashed interest rates across its range of remortgage, buy-to-let and residential mortgage products. This comes as other banks and building societies are cutting mortgage rates in a bid to better support customers. Households have been forced to contend with soaring [&#8230;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virgin Money announces \u2018significant\u2019 cuts to mortgage rates - cabanesetcompagnie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cabanesetcompagnie.com\/world-news\/virgin-money-announces-significant-cuts-to-mortgage-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virgin Money announces \u2018significant\u2019 cuts to mortgage rates - cabanesetcompagnie\" \/>\n<meta property=\"og:description\" content=\"Virgin Money has announced another wave of \u201csignificant\u201d cuts to mortgage rates in a boon for homeowners. 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