Virgin Money has made changes to its residential and buy-to-let mortgage range.
Intermediary exclusive product change
- Two-year fixed rate at 65% LTV reduced by 0.10 percentage points to 1.39% (£995 product fee)
- Virgin Money continues to waive the £99 application fee on this product
New remortgage products
- Five-year fixed rate options launched for remortgage customers, offering 2.34% at 70% LTV (£1,495 product fee) and 2.94% at 80% LTV (£495 product fee)
Key residential product changes
- Two-year fixed rate at 75% LTV reduced by 0.16 percentage points to 2.09% (£995 product fee)
- Two-year fixed rate at 80% LTV reduced by 0.15 percentage points to 2.14% (£995 product fee, £300 cashback for purchases)
- Two-year fixed rate at 85% LTV reduced by 0.15 percentage points to 2.19% (£995 product fee, £300 cashback for purchases)
Key buy-to-let product changes
- Two-year fixed rate at 75% LTV reduced by 0.16 percentage points to 2.89% (£1,995 product fee, £500 cashback)
- Five-year fixed rate at 75% LTV reduced by 0.10 percentage points to 3.79% (£995 product fee, £500 cashback)
- Two-year tracker rate at 75% LTV reduced by 0.30 percentage points to 2.79% (£995 product fee, £500 cashback)
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We’re delighted to announce these latest improvements to our mortgage range, reducing rates on both our residential and buy-to-let products.
“In line with the commitments we announced earlier in the year, our intermediary partners have access to all products across our range and we are pleased to announce a further rate reduction on one of our most popular intermediary exclusive deals.”
