Virgin cuts rates and adds cashback deals

Published on

Virgin Money has launched new purchase exclusive products with £1,000 cashback.

It has also unveiled a new 95% LTV three-year fixed rate, available at the same price as its two-year fix.

The changes, which take effect from Friday 18 June, are as follows:

Purchase Exclusive £1,000 Cashback range:

  • New 2 year fixed rate at 75% LTV 2 Year with £1,495 fee launched at 1.28%
  • New 2 year fixed rate at 80% LTV with £995 fee launched at 1.93%
  • 5 year fixed rate at 75% LTV with £995 fee reduced by 0.11 percentage points to 1.49%
  • 2 year fixed rate at 85% LTV with £995 fee reduced by 0.10 percentage points to 2.30%
  • 5 year fixed rate at 85% LTV 5 with £995 fee reduced by 0.12 percentage points to 2.58%

Core Residential:

  • New 3 year fixed rate fee saver at 95% LTV launched at 3.64%
  • 2 year fixed rate fee saver at 95% LTV reduced by 0.15 percentage points to 3.64%
  • 2 year fixed rate at 65% LTV with £995 fee reduced by 0.20 percentage points to 1.79%
  • 2 year fixed rate at 75% LTV with £995 fee reduced by 0.20 percentage points to 1.88%
  • 2 year fixed rate at 90% LTV with £995 fee reduced by 0.25 percentage points to 2.84%
  • 2 year fixed rate fee saver at 90% LTV reduced by 0.20 percentage points to 3.14%
  • 3 year fixed rate fee saver at 90% LTV reduced by 0.20 percentage points to 3.14%

Greener Mortgage Range:

  • 2 year fixed rate at 65% LTV with £995 fee reduced by 0.20 percentage points to 1.69%
  • 2 year fixed rate at 75% LTV with £995 fee reduced by 0.20 percentage points to 1.78%
  • 2 year fixed rate at 85% LTV with £995 fee reduced by 0.05 percentage points to 2.23%
  • 5 year fixed rate at 85% LTV with £995 fee reduced by 0.05 percentage points to 2.53%

Buy-to-let:

  • 5 year fixed rate at 60% LTV with £1,995 fee reduced by 0.21 percentage points to 1.78%
  • 5 year fixed rate at 60% LTV with £995 fee reduced by 0.17 percentage points to 1.88%
  • 3 year fixed rate at 75% LTV with £1,995 fee reduced by 0.07 percentage points to 1.74%
  • 2 year fixed rate at 75% LTV with £1,995 fee reduced by 0.07 percentage points to 1.74%
  • 2 year fixed rate at 75% LTV with £995 fee reduced by 0.06 percentage points to 1.79%
  • 2 year fixed rate at 80% LTV with £995 fee reduced by 0.07 percentage points to 3.29%
  • 5 year fixed rate at 80% LTV with £995 fee reduced by 0.24 percentage points to 3.35%

Buy-to-let Portfolio:

  • 5 year fixed rate at 60% LTV with £1,995 fee reduced by 0.21 percentage points to 1.88%
  • 5 year fixed rate at 60% LTV with £995 fee reduced by 0.17 percentage points to 1.98%
  • 2 year fixed rate at 75% LTV with £1,995 fee reduced by 0.07 percentage points to 1.84%
  • 2 year fixed rate at 75% LTV with £995 fee reduced by 0.06 percentage points to 1.89%

Shared Ownership:

  • Reduce 85% LTV 2 Year £995 fee by 0.16 percentage points to 2.52%
  • Reduce 85% LTV 2 Year fee-saver by 0.44 percentage points to 2.99%
  • Reduce 90% LTV 2 Year £995 fee by 0.26 percentage points to 3.03%
  • Reduce 90% LTV 2 Year fee-saver by 0.41 percentage points to 3.23%
  • Reduce 95% LTV 2 Year fee-saver by 0.14 percentage points to 3.90%
  • Reduce 95% LTV 5 Year fee-saver by 0.06 percentage points to 4.08%

 

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

TRM launches tool to help advisers assess clients’ financial shortfalls

The Right Mortgage & Protection Network has introduced a Shortfall Needs Analysis Calculator designed...

HTB completes £1.1m Midlands refinancing in four hours

Hampshire Trust Bank (HTB) has completed a £1.1m residential investment refinancing in the Midlands...

Brookfield Surveyors joins BDLA as associate member

Brookfield Surveyors has become an associate member of the Bridging and Development Lenders Association...

Shawbrook backs 42-home London scheme with £13m development facility

Shawbrook has partnered with P10 Financial Group to provide a £13m development facility that...

Legl joins Conveyancing Association as new affiliate member

The Conveyancing Association has welcomed Legl as its newest affiliate member, offering the software...

Latest publication

Other news

TRM launches tool to help advisers assess clients’ financial shortfalls

The Right Mortgage & Protection Network has introduced a Shortfall Needs Analysis Calculator designed...

HTB completes £1.1m Midlands refinancing in four hours

Hampshire Trust Bank (HTB) has completed a £1.1m residential investment refinancing in the Midlands...

Brookfield Surveyors joins BDLA as associate member

Brookfield Surveyors has become an associate member of the Bridging and Development Lenders Association...