New products and rate cuts from Virgin Money

Published on

Virgin Money is making changes to a number of mortgage products on Tuesday 21 March.

The changes are as follows:

Buy-to-let purchase and remortgage exclusives with £300 cashback and free valuation

  • New 65% LTV 2 Year Fixed Rate with £995 fee at 4.90%.
  • New 65% LTV 5 Year Fixed Rate with £995 fee at 4.65%.

Buy-to-let

  • 60% LTV 2 year Fixed Rate with £995 fee will be reduced by 0.15% to 4.82%.
  • 60% LTV 5 year Fixed Rate with £995 fee will be reduced by 0.06% to 4.60%.
  • New 75% LTV fee-savers starting from 4.88%.
  • Selected Portfolio Landlord 60% LTV fixed rates will be reduced by up to 0.15%.

Residential Core and Exclusive

  • 95% LTV 5 year Fixed Rate fee-saver will be reduced by 0.02% to 5.02%.
  • Selected fixed rates will be reduced by up to 0.10%.

Product Transfer

  • Selected fixed rates will be reduced by up to 0.41%.

 

Meanwhile, selected Core 85% LTV residential fixed rates will be increased by up to 0.05%.

The end dates will move to August of the relevant year.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Bank drops rates 0.25% in widely expected move

The Bank of England has cut interest rates to 4& following a finely balanced...

ModaMortgages unveils new limited-edition BTL range and cuts rates

ModaMortgages has expanded its buy-to-let offering with the launch of eight new limited-edition products,...

The Exeter reports strong uptake of beneficiary nomination feature in life cover

The Exeter has reported a marked increase in structured arrangements for life insurance payouts...

UTB strengthens property development team with senior promotions

United Trust Bank has announced two senior promotions within its property development division as...

The Buckinghamshire trims limited company BTL rates

Buckinghamshire Building Society has cut rates across its limited company buy-to-let and holiday let...

Latest publication

Latest opinions

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Other news

Bank drops rates 0.25% in widely expected move

The Bank of England has cut interest rates to 4& following a finely balanced...

ModaMortgages unveils new limited-edition BTL range and cuts rates

ModaMortgages has expanded its buy-to-let offering with the launch of eight new limited-edition products,...

The Exeter reports strong uptake of beneficiary nomination feature in life cover

The Exeter has reported a marked increase in structured arrangements for life insurance payouts...