Virgin Money will introduce a series of mortgage rate reductions on Tuesday 18 February, with cuts of up to 14 basis points (bps) across its purchase and buy-to-let ranges.
The reductions apply to selected two and five-year fixed-rate products, including high loan-to-value (LTV) options.
PURCHASE RATE REDUCTIONS
- Selected 80% LTV two and five-year fixed rates will be reduced by up to 5bps, starting from 4.44%.
- 90% LTV two-year fixed rates with a £995 fee will be reduced by 7bps, to 4.99%.
- 95% LTV Fix and Switch rates will be reduced by up to 14bps, to 5.47%.
- 95% LTV two-year fixed rate fee-saver products will be reduced by up to 9bps, to 5.47%.
- 95% LTV five-year fixed rate fee-saver products will be reduced by 2bps, to 5.22%.
- 90% LTV Own New two-year fixed rates will be reduced by 7bps, starting from 2.33%.
BUY-TO-LET RATE REDUCTIONS
- 75% LTV two-year fixed rate with a 3% fee will be reduced by 5bps, to 3.82%.
The revised rates will be available from 18 February.
