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Rate rise reaction: Bank bids to grip inflation    – Mortgage Strategy

Rate rise reaction: Bank bids to grip inflation    – Mortgage Strategy
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'Our mortgage went from £400 a month to over £2,000 — we're in hell'

Across the capital, prospective buyers and remortgaging homeowners are finding themselves slapped with mind-boggling lender rates and deals being withdrawn at the eleventh hour. Claire Cohen speaks to those in crisis ....

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Product transfers on rise as low fixed-rate deals end: UK Finance – Mortgage Strategy

Product transfers are growing in popularity with 87% of remortgagers choosing to stay with their existing lender rather than move elsewhere, according to latest figures from UK Finance. The trade body reports that this is up from 80% in 2021 and 73% in 2019. And with an estimated 1.8m fixed-rate deals due to end this ....

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Nationwide cuts resi, tracker rates by up to 45bps   – Mortgage Strategy

Nationwide Building Society will cut rates across selected fixed-term and tracker products by up to 45 basis points and its switcher and additional borrowing range by up to 25bps on Friday (25 March).   Brokers welcomed the cuts, which came as the Bank of England lifted the base rate by 25bps to 4.25%.   The mutual ....

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Virgin Money launches sub 4% loans, brings back 95% LTV range   – Mortgage Strategy

Virgin Money has relaunched 95% loan-to-value products, and now offers a range of five-year fixes at under 4%.   The bank debuts a 95% LTV five-year fixed-rate fee-saver at 5.09%.    And a 95% LTV 10-year fixed-rate fee-saver at 5.59%, available to purchase customers only.   The lender also announces a range of ....

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