Virgin Money unveils new green shared ownership mortgages

Virgin Money is launching two new shared ownership Greener new build mortgages as well as making some rate changes to its mortgage range.

It has also extended its new business buy-to-let 60% LTV range to 65% LTV, with no increases on pricing.

The changes take effect from 2 July and are as follow:

Shared ownership Greener new build mortgages:

Purchase Exclusive £1,000 cashback range:

Core Residential:

2 year fixed rate Greener mortgage at 85% LTV with £995 fee reduced by 0.10 percentage points to 2.13%
5 year fixed rate Greener mortgage at 85% LTV with £995 fee reduced by 0.05 percentage points to 2.48%
5 year fixed rate at 75% LTV fee-saver reduced by 0.52 percentage points to 1.76%
2 year fixed rate at 85% LTV with £995 fee reduced by 0.10 percentage points to 2.23%
2 year fixed rate at 85% LTV fee-saver reduced by 0.20 percentage points to 2.53%
3 year fixed rate at 85% LTV fee-saver reduced by 0.20 percentage points to 2.53%
2 year fixed rate at 90% LTV with £995 fee reduced by 0.05 percentage points to 2.79%
2 year fixed rate at 90% LTV fee-saver reduced by 0.05 percentage points to 3.09%
3 year fixed rate at 90% LTV fee-saver reduced by 0.05 percentage points to 3.09%
2 year fixed rate at 95% LTV fee-saver reduced by 0.06 percentage points to 3.58%
3 year fixed rate at 95% LTV fee-saver reduced by 0.06 percentage points to 3.58%

Shared ownership:

2 year fixed rate at 85% LTV with £995 fee reduced by 0.14 percentage points to 2.38%
2 year fixed rate at 85% LTV fee-saver reduced by 0.25 percentage points to 2.74%
5 year fixed rate at 85% LTV with £995 fee reduced by 0.22 percentage points to 2.73%
2 year fixed rate at 90% LTV with £995 fee reduced by 0.05 percentage points to 2.98%
2 year fixed rate at 90% LTV fee-saver reduced by 0.05 percentage points to 3.18%