Virgin Money has notified brokers of a series of pricing changes and product withdrawals across its buy-to-let product transfer range, effective from Tuesday 27 January.
The lender said the updates include the launch of new fixed-rate options alongside rate reductions on selected existing products, while a number of lower-fee deals will be withdrawn later today.
BUY-TO-LET PRODUCT TRANSFERS
From Tuesday, Virgin Money will introduce new two-year, three-year and five-year fixed-rate product transfer options, each carrying a £1,495 fee. The new two-year fixes will start from 3.84%, three-year fixes from 3.89% and five-year fixes from 4.04%.
Alongside the new launches, pricing will be reduced across several existing product transfer options. Two-year fixed rates with a £3,995 fee will fall by up to 0.33%, starting from 3.54%.
Two-year fixed rate fee-saver products will be reduced by 0.27%, starting from 4.25%, while three-year fixed rate fee-savers will reduce by 0.26%, starting from 4.19%.
Changes are also being made to five-year fixed rates. At 60% loan-to-value, the five-year fixed rate with a £3,995 fee will increase by 0.08% to 3.89%.
At 75% loan-to-value, the equivalent product will reduce by 0.12% to 3.94%. Five-year fixed rate fee-savers will see a reduction of 0.15%, starting from 4.14%.
PRODUCT WITHDRAWALS
Virgin Money confirmed that a number of buy-to-let product transfer deals will be withdrawn at 8pm today.
These include two-year and five-year fixed rates with a £995 fee, as well as two-year, three-year and five-year fixed rates carrying a £1,995 fee.
Brokers submitting applications for any of the withdrawing products have until 8pm today to do so.
NEW-BUILD OFFER EXTENSIONS
The lender also announced a change to its offer extension policy for new-build cases. From Friday 30 January 2026, Virgin Money will no longer accept offer extension requests on new-build applications, bringing the policy in line with other property types.
The existing new-build offer validity period of 210 days will remain unchanged. Offer extension requests will still be considered for new-build cases where the original application is submitted before 8pm on Thursday 29 January.
