Virgin Money offers new remortgage exclusives and cuts BTL fixed rates

By
Mortgage Soup
-
0
206

Virgin Money has announced changes to selected mortgage products.

It has withdrawn the following products:

Remortgage Exclusives with £995 fee – 7 Day Specials

  • 60% LTV five-year fixed rate at 4.90%.
  • 70% LTV five-year fixed rate at 4.95%.

Remortgage Exclusives with £995 fee

  • 60% LTV two-year fixed rate.
  • 70% LTV two-year fixed rate.
  • 60% LTV seven-year fixed rate.

Freedom to Fix with £995 fee

  • 65% LTV two-year Everyday Freedom to Fix tracker will be increased by 0.07%, at 5.55%.

Meanwhile, it has launched the following new products and made selected reductions across its range.

Remortgage Exclusives with £995 fee and £250 cashback

  • NEW 60% LTV two-year fixed rate will be launched at 5.40%.
  • NEW 70% LTV two-year fixed rate will be launched at 5.49%.
  • NEW 60% LTV five-year fixed rate will be launched at 4.95%.
  • NEW 70% LTV five-year fixed rate will be launched at 4.98%.
  • NEW 60% LTV seven-year fixed rate will be launched at 4.95%.

BTL Remortgage & Purchase Exclusives with £2,195 fee

  • 50% LTV two-year fixed rate will be reduced by 0.06%, at 5.44%.
  • 60% LTV two-year fixed rate will be reduced by 0.06%, at 5.49%.
  • 50% LTV five-year fixed rate will be reduced by 0.21%, at 4.99%.
  • 60% LTV five-year fixed rate will be reduced by 0.21%, at 5.01%.
  • Exclusive buy-to-let portfolio fixed rates with £2,195 fee will be reduced by up to 0.26%.

BTL Remortgage & Purchase Exclusives with 3% fee

  • 60% LTV two-year fixed rate will be reduced by 0.15%, at 4.72%.
  • 75% LTV two-year fixed rate will be reduced by 0.15%, at 4.77%.
  • 60% LTV five-year fixed rate will be reduced by 0.15%, at 4.82%.
  • 75% LTV five-year fixed rate will be reduced by 0.15%, at 5.12%.
  • Exclusive buy-to-let portfolio fixed rates with 3% fee will be reduced by 0.15%.

Purchase Exclusives with £1,295 fee

  • 65% LTV two-year fixed rate will be reduced by 0.06%, at 5.34%.
  • 85% LTV two-year fixed rate will be reduced by 0.02%, at 5.67%.
  • 90% LTV two-year fixed rate will be reduced by 0.05%, at 5.70%.
  • 90% LTV five-year fixed rate will be reduced by 0.06%, at 5.22%.

Purchase Exclusive fee-savers

  • 65% LTV two-year fixed rate will be reduced by 0.02%, at 5.58%.
  • 85% LTV two-year fixed rate will be reduced by 0.08%, at 5.91%.
  • 90% LTV two-year fixed rate will be reduced by 0.09%, at 6.01%.
  • 85% LTV five-year fixed rate will be reduced by 0.04%, at 5.23%.
  • 90% LTV five-year fixed rate will be reduced by 0.04%, at 5.40%.
  • Purchase Exclusive £1m+ fixed rates will be reduced by 0.05%.

Product Transfer

  • Selected product transfer fixed rates will be reduced by up to 0.14%, with rates starting from 4.99%.

The end dates will move to February of the relevant year.