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)
