Virgin Money cuts buy-to-let and residential rates

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Virgin Money is making a number of reductions across its residential and buy-to-let mortgage range.

The changes take effect from Thursday 9 September.

Some of the changes include the following:

Exclusive purchase deals with £1,000 cashback

  • 85% LTV 2 Year Fixed Rate with £1,495 fee reduced to 1.63%.
  • 85% LTV 5 Year Fixed Rate with £1,495 fee reduced to 2.11%.

Exclusive BTL

  • New 65% LTV 2 Year Fixed Rate with £895 fee launched at 1.46%.
  • New 65% LTV 5 Year Fixed Rate with £895 fee launched at 1.67%.

Greener Shared Ownership

  • New 90% LTV 2 Year Fixed Rate with £995 fee launched at 2.24%.

Core Residential

  • 95% LTV 2 Year Fixed Rate fee-saver is available at 3.12%.
  • 90% LTV 5 Year Fixed Rate with £995 fee is available at 2.62%.
  • 85% LTV 2 Year Fixed Rate fee-saver is available at 1.89%.
  • 85% LTV 5 Year Fixed Rate fee-saver is available at 2.29%.

Core BTL

  • 75% LTV 2 Year Fixed Rate with £1,995 fee is available at 1.35%.