Virgin Money has made changes to its residential mortgage product range.
It is unveiling new products from tomorrow (3 February).
The details are as follows:
Exclusives (available for a limited two-week period):
- New £1,000 cashback 75% LTV 5 Year £995 fee at 1.79% (Purchase Only)
- New £1,000 cashback 85% LTV 2 Year £995 fee at 2.79% (Purchase Only)
- 90% LTV 2 Year £995 fee at 3.29% (first-time buyer Only) Cashback increased to £1,000
Core Residential:
- Reduced 75% LTV 5 Year £995 fee by 0.15bps to 1.73%
- Reduced 85% LTV 2 Year £995 fee by 0.10bps to 2.69%
- Reduced 85% LTV 3 Year £995 fee by 0.08bps to 2.86%
- Reduced 85% LTV 5 Year £995 fee by 0.08bps to 2.86%
- Reduced 85% LTV 2 Year fee-saver by 0.05bps to 3.01%
- New £500 cashback 90% LTV 2 Year £995 fee at 3.29% (first-time buyer Only) (previously Int. Excl. only at 3.29%)
- New £500 cashback 90% LTV 2 Year fee-saver at 3.39% (first-time buyer Only) (previously Int. Excl. only at 3.49%)
Shared Ownership:
- Reduced 90% LTV 5 Year £995 fee by 0.38bps to 3.86%
- Reduced 90% LTV 5 Year fee-saver by 0.40bps to 4.09%
Product Transfer:
Shared Ownership:
- Reduced 90% LTV 5 Year £995 fee by 0.02bps to 3.86%
- Reduced 90% LTV 5 Year fee-saver by 0.20bps to 4.09%
