New higher LTV deals from Virgin Money

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Virgin Money has made changes to its mortgage range, including some higher LTV products designed to help first time buyers with smaller deposits beat the cost of stamp duty. 

New stamp duty specials with ‘enhanced cashback’

  • Two-year fixed rate at 95% LTV, available at 4.29% (no product fee, £1,500 cashback)
  • Five-year fixed rate at 95% LTV, available at 4.79% (no product fee, £1,500 cashback)

Key residential mortgage product changes

  • Two-year fixed rate at 95% LTV, reduced by 0.31 percentage points to 3.98% (no product fee, £300 cashback)
  • Five-year fixed rate at 95% LTV, reduced by 0.20 percentage points to 4.69% (no product fee, £300 cashback)

New build rate reductions

  • Two-year fixed rate intermediary exclusive at 85% LTV, reduced by 0.09 percentage points to 2.05% (£995 product fee, £500 cashback)
  • Help to Buy Equity Loan five-year fixed rate at 75% LTV, reduced by 0.15 percentage points to 2.68% (£995 product fee, £500 cashback)
  • Help to Buy Equity Loan five-year fixed rate at 75% LTV, reduced by 0.10 percentage points to 2.93% (no product fee, £500 cashback)

Key changes to the low LTV product range

  • Five-year fixed rate at 65% LTV reduced by 0.21 percentage points to 2.54% (No product fee)

All products are available now.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We are kick-starting the New Year with a refreshed mortgage range designed to help even more first time buyers on to the property ladder with lower rates and cashback specials to assist with stamp duty payments. There are also rate reductions for Help to Buy customers.”

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