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The five-year fixed rates start at 4.46percent with no fee (60percentLTV) or from 4.86percent at 90percent LTV. Rates start from 4.15percent for borrowers with 40percent deposit or equity in their home. TSB will cut rates by up to 1.8 percentage points on its residential mortgage range from 27 January. The three-year fixed rates (which have been cut by 1.8 percentage points) will start from 4.64percent at 60percent LTV with a 995 fee. The five-year fixed rates start from 4.39percent (cut by 0.4 percentage points) at 60percent LTV with a 995 fee. Virgin Money has cut rates on purchase, remortgage and buy to let loans by up to 0.2 percentage points.
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Its fee-free equivalent comes with an interest rate of 6.44percent – down from 6.59percent. At an LTV of 60percent, rates have dropped 0.15 percentage points, to 5.32percent. At an LTV of 60percent, the provider’s two-year fixed rate has decreased by 0.15 percentage points, to 5.93percent. This loan comes with a product fee of 899 – its fee-free equivalent charges a higher rate of 6.12percent (down from 6.27percent). At an LTV of 60percent, the bank’s two-year fixed rate has dropped 0.35 percentage points to 6.09percent when borrowers pay a 995 fee.
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Virgin, which has consistently offered among the most competitive fixed rate deals in recent months, also recently increased fixed rates across the board. It offers a five-year fixed rate at 4.61percent (for borrowers with at least 35percent equity in their property), but this deal was on offer at under 4percent just last month. The lender’s tracker deals are set to increase by up to 0.85 percentage points. Clydesdale Bankis increasing rates for existing customers by up to 0.3 percentage points from 8pm today .
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