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)

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

Rates rise but mortgage market holds firm

The mortgage market is showing resilience despite a sharp rise in borrowing costs with...

Landlords shift to interest-only as rates climb above 5%

Buy-to-let landlords are rapidly changing borrowing strategies as mortgage rates climb with a growing...

The Coventry cuts limited company buy-to-let rates for brokers

Coventry for intermediaries has reduced selected limited company buy-to-let rates by up to 20...

Paragon Bank introduces limited edition 60% LTV buy-to-let products

Paragon Bank has expanded its buy-to-let range with a new tranche of 60% loan-to-value...

TwentyCi hires Nick Huntley to lead sales at TwentyEA and TwentyConvey

TwentyCi has appointed Nick Huntley as sales director for TwentyEA and TwentyConvey as the...

Latest publication

Other news

Rates rise but mortgage market holds firm

The mortgage market is showing resilience despite a sharp rise in borrowing costs with...

Landlords shift to interest-only as rates climb above 5%

Buy-to-let landlords are rapidly changing borrowing strategies as mortgage rates climb with a growing...

The rise of larger deposits

The first-time buyer profile is changing. Increasingly, buyers are entering the market with larger...