Virgin Money is introducing a range of new products on Thursday 30 January, providing more options for homeowners and landlords.

The Fix and Switch remortgage range includes a 75% loan to value (LTV) fixed rate at 4.89% and an 85% LTV fixed rate at 5.24%, both offering a free valuation and free legal services.

GREEN OPTIONS

For those looking to purchase a property with an environmentally friendly approach, the green purchase range comes with a free valuation and a £200 cashback incentive. Options include a 75% LTV two-year fixed rate at 4.88%, an 85% LTV two-year fixed rate at 5.01%, and a 90% LTV two-year fixed rate at 5.39%.

The five-year fixed rate options include a 75% LTV deal at 4.59%, an 85% LTV product at 4.77%, and 4.92% for 90% LTV.

The retrofit boost range is designed to support homeowners investing in energy-efficient upgrades. A 75% LTV five-year fixed rate with a £995 fee and £5,000 cashback is available at 4.97%, while an 85% LTV option at the same cashback level is priced at 5.04%. Higher cashback options include a 75% LTV five-year fixed rate at 5.49% and an 85% LTV at 5.56%, both offering £10,000 cashback with a £995 fee.

BUY-TO-LET

For buy-to-let investors, the retrofit boost range includes a 75% LTV five-year fixed rate with a £1,995 fee and £5,000 cashback, priced at 5.07%.

In addition to the new launches, a series of rate changes have taken effect at 8pm on Wednesday 29 January. Some 80% LTV exclusive fixed rates have be reduced by up to 0.07%, while selected 90% LTV fixed rates have seen an increase of up to 0.06%. Shared ownership fixed rates have increased by up to 0.10%, and the 90% LTV Own New two-year fixed rate has increased by 0.04%. Green fixed rates with a £995 fee now come with a free valuation and £200 cashback.

PRODUCT TRANSFERS

For product transfers, some 75% LTV rates have been reduced by up to 0.09%.

Several products have also been withdrawn, including the 90% LTV fix and switch purchase with a £1,495 fee at 5.08%, as well as the 75% and 85% LTV fix and switch remortgage options at 4.94% and 5.24% respectively.

Retrofit boost withdrawals include the 75% LTV five-year fixed rate with £3,000 cashback at 4.79% and the 85% LTV equivalent at 4.81%. The buy-to-let retrofit boost five-year fixed rate at 4.78% with £3,000 cashback has also been withdrawn.