High street lender Virgin Money will withdraw select deals and increase certain rates by up to 0.2%.
The lender will bring out a buy-to-let (BTL) exclusive, which is a two-year fixed rate at 80% loan to value (LTV) with a 1% fee and a rate of 5.4%.
As of 8pm, Virgin Money will be withdrawing its exclusive purchase two- and five-year fixed rates at 80% LTV.
In its exclusive range, the firm will increase its Retrofit Boost five-year fixed rates, Own New two- and five-year fixed rates at 85% LTV, and select £1m-plus two- and five-year fixed rates, which will go up by around 0.2%.
Also in its exclusive range, two- and five-year BTL fixed rates with a £2,195 fee will rise by 0.1%, along with BTL fixed rates with a 1% fee up to 75% LTV, which will go up by 0.05%.
Within its core range, two- and five-year fixed rates at 65% and 75% LTV, select shared ownership fixed rates and remortgage five-year fixed rates at 65% and 75% LTV will increase by 0.2%.
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Also in its core range, five-year fixed rates at 85% LTV will rise by 0.1%.
On the product transfer side, its five-year fixed rates at 65% LTV will go up by 0.1%.
Zephyr Homeloans ups fixed rates
Zephyr Homeloans will increase its fixed rates by 25 basis points by 14 January in response to “increases in swap rates”.
The lender said that to qualify for current rates, brokers should submit full mortgage applications and have application fees paid by 5pm on 13 January.
The case must also proceed to offer within 60 calendar days.
Principality BS to cut select rates by up to 0.37%
Principality Building Society will lower select rates by up to 0.37% from 14 January.
Within its residential range, two-, three- and five-year fixed rates at 65% LTV will decrease by up to 0.29%. At 75% LTV, the fall will be up to 0.3%, and it will be 0.19% at 80% LTV.
The decreases at 85% and 90% LTV will be 0.25% and 0.2% respectively.
On the residential mortgages with cashback side, two- and five-year fixed rates at 65% LTV will go down by up to 0.15%. At 75% LTV, they will fall by up to 0.2%, at 80% LTV, the cut will be around 0.22%, at 85% LTV, the decrease will be approximately 0.25%, and at 90% LTV, the reduction stands at 0.2%.
The lender’s five-year fixed rate residential mortgages for new build at 95% LTV will fall by around 0.15%.
Shared ownership two- and five-year fixed rates at 95% LTV will decrease by 0.17%, and two- and five-year fixed rates in its Help to Buy Wales range at 75% LTV will be slashed by up to 0.19%.
Within its joint borrower sole proprietor (JBSP) range, two- and five-year fixed rates at 75% LTV, 80% LTV and 90% LTV will decrease by around 0.37%, 0.19% and 0.2% apiece. Two-year fixed rates at 85% LTV will decrease by 0.25%.
On the BTL side, five-year fixed rates at 60% LTV and 70% LTV will go down by around 0.21% and 0.17% respectively.
Within its holiday let range, two- and five-year fixed rates at 60% LTV will decrease by 0.31% and five-year fixed rates at 75% LTV will reduce by up to 0.3%.
Vida to withdraw and reprice residential and BTL deals
Vida Homeloans will withdraw all its residential and BTL products at 6pm on 14 January.
All decisions in principle (DIPs) with products selected must be completed by 6pm on 14 January, and for cases currently in the pipeline, all mandatory documents must be uploaded with fees paid by 6pm on 17 January.
