The ongoing mortgage rate reductions are heading towards a third month, with existing customers and new buyers both benefiting from lenders’ cuts. Today, Virgin Money decreased rates for existing deals and exclusive remortgage rates. In terms of fixed rates for remortgage and purchase, ther...
More lenders may follow Virgin Money’s decision to temporarily remove 5% deposit mortgages resulting in a lack of options for borrowers amid expected house price falls. Late yesterday afternoon, Virgin Money announced it would pull its small deposit mortgage for new borrowers while keeping it...