Virgin Money introduces new fee-saver mortgages

Published on

Virgin Money is adding new mortgage products and withdrawing existing deals.

The lender is making the following changes on Tuesday 7 January:

Exclusive Fix and Switch Shared Ownership with free valuation
  • NEW 85% LTV Fixed Rate fee-saver will be launched at 4.87%.
  • NEW 90% LTV Fixed Rate fee-saver will be launched at 5.19%.
  • NEW 95% LTV Fixed Rate fee-saver will be launched at 5.53%.
Purchase
  • 85% LTV 5 Year Fixed Rate with £995 fee will be increased by 3 basis points to 4.46%.

Virgin Money has withdrawn the following products at 8pm on Monday 6 January:

Exclusive Professional
  • 90% LTV 5 Year Fixed Rate fee-saver at 4.85%.
Exclusive Retrofit Boost
  • 85% LTV 7 Year Fixed Rate with £995 fee at 5.74%.
  • 85% LTV 10 Year Fixed Rate with £995 fee at 5.94%.
  • 75% LTV BTL 7 Year Fixed Rate with £995 fee at 6.09%.
  • 75% LTV BTL 10 Year Fixed Rate with £995 fee at 6.29%.
Product Transfer
  • 90% LTV 7 Year Fixed Rate fee-saver at 5.19%.
  • 90% LTV 15 Year Fixed Rate with £995 fee at 5.19%.

 

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

Brilliant racks up a memorable afternoon for charity

Brilliant Solutions was on cue at Rileys as 70 players and several late arrivals...

Rayner rules out rent controls

Housing Secretary Angela Rayner has ruled out rent controls in England, providing greater certainty...

Mortgage Brain adds Uinsure home insurance quotes to CRM platform

Mortgage Brain has integrated Uinsure with CRM Brain, allowing brokers to arrange buildings and...

Nationwide and Accord the latest to increase rates

Mortgage borrowers have been urged to review their options after Nationwide and Accord increased...

Four in five first-time buyers say schools failed to teach mortgage basics

Almost four in five UK first-time buyers believe their education failed to prepare them...

Latest publication

Other news

Rates are moving and regulation is evolving

Many lenders are having to increase their rates, and that trend looks set to...

Building tomorrow’s mortgage market: AI built on trust, governance and confidence

The government's Financial Services AI Adoption Plan, led by Harriet Rees, group chief information...

The protection prompt: what AI still needs to get right

The Mills Review has prompted plenty of discussion across the mortgage industry. While much...