Virgin Money has made a reductions to its residential mortgage range and also introduced up to £500 cashback across selected purchase mortgages.
The lender is also removing free valuations on all purchase products.
The rate reductions are as follows:
Intermediary Exclusive Purchase:
- 65% LTV 5 Year £1,495 fee reduced by 0.04 basis points to 1.35%
Intermediary Exclusive Remortgage:
- 65% LTV 5 Year £1,495 fee reduced by 0.10 bps to 1.29%
Core Residential:
- 65% LTV 2 Year fee-saver reduced by 0.12 bps to 2.20%
- 65% LTV 5 Year £995 fee reduced by 0.06 bps to 1.39%
- 75% LTV 2 Year fee-saver reduced by 0.30 bps to 2.23%
- 75% LTV 5 Year £995 fee reduced by 0.25 bps to 1.88%
- 85% LTV 2 Year £995 fee reduced by 0.16 bps to 2.83%
- 85% LTV 3 Year £995 fee reduced by 0.15 bps to 2.94%
- 85% LTV 5 Year £995 fee reduced by 0.15 bps to 2.94%
- 85% LTV 2 Year fee-saver reduced by 0.40 bps to 3.24%
- 85% LTV 3 Year fee-saver reduced by 0.40 bps to 3.29%
- 85% LTV 5 Year fee-saver reduced by 0.43 bps to 3.36%
Shared Ownership:
- 85% LTV 2 Year £995 fee reduced by 0.36 bps to 2.83%
- 85% LTV 5 Year £995 fee reduced by 0.16 bps to 3.28%
- 90% LTV 2 Year £995 fee reduced by 0.10 bps to 3.29%
Mortgage Review (Product Transfer):
- 65% LTV 5 Year £995 fee reduced by 0.04 bps to 1.39%
