Virgin Money is introducing new mortgage products on Wednesday 24 April.
Details are as follows:
Product transfer buy-to-let fixed rate deals with £3,995 fee:
- New 60% LTV two-year fixed rate at 4.84%.
- New 75% LTV two-year fixed rate at 5.14%.
- New 60% LTV five-year fixed rate at 4.61%.
- New 75% LTV five-year fixed rate at 4.81%.
Product transfer buy-to-let tracker deals with £1,995 fee:
- New 60% LTV two-year fixed rate at 5.79%.
- New 75% LTV two-year fixed rate at 6.21%.
The lender has also made the following changes:
- Selected Product Transfer fixed rates have been increased by up to 0.10%, starting from 4.38%.
- 90% LTV Purchase Fix & Switch fee-saver has been increased by 0.05% to 5.52%.
- 90% LTV Professional Purchase fixed rate fee-saver has been increased by 0.02% to 4.82%.
- Selected remortgage fixed rates have been increased by 0.10%, starting from 4.79%.
- Five-year Greener New Build fixed rates have been increased by 0.05%, starting from 4.44%.
- Own New Rate Reducer 3% Incentive two-year fixed rates have been increased by up to 0.10%, starting from 2.57%.
- Own New Rate Reducer 5% Incentive fee has been increased by £500, to £995.
Meanwhile, Virgin Money has also extended its Green Reward offer, the sustainability initiative that rewards existing customers with £250 cashback for making green home improvements.
It has extended its deadline dates giving more customers the chance to register and claim. If a broker’s client has already registered, they can also take advantage of the extended deadlines.
