Virgin Money adds new residential and buy-to-let mortgages

Published on

Virgin Money

Virgin Money has made a number of changes across its residential mortgage range. 

Key residential changes:

60% LTV changes:

  • Two year fixed rates available at 2.25% – a reduction of 0.03 percentage points

70% LTV changes:

  • Three year fixed rates available at 2.54% – a reduction of 0.15 percentage points
  • Five year fixed rates available at 2.94% – a reduction of 0.05 percentage points

75% LTV changes:

  • Two year fixed rates available at 2.55% – a reduction of  0.19 percentage points
  • Three year fixed rates available at 2.79% – a reduction of 0.46 percentage points
  • Five year fixed rates available at 3.09% – a reduction of 0.20 percentage points
  • Three year everyday tracker rates available at 2.79% – a reduction of 0.46 percentage points

A £995 product fee is payable on all the above products.

Buy-to-let changes:

  • Cashback incentive increased from £500 to £750 on products with a percentage fee of 2.5% or 2.0%
  • Two year fixed rates will start from 3.39% (with a 2.5% product fee)
  • Five year fixed rates available at 4.29% (with a £1,995 product fee)
  • Two year tracker rates available at 3.39% (with a 2.5% product fee)

Latest POLL

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 of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Other news

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...