Virgin Money is to introduced new fixed rates at high LTVs.

On Wednesday 14 April, the bank is launching new three-year fixed rates at 85% and 90% LTV, available at the same price as its two-year fixed rates.

In addition, Virgin Money is launching a new exclusive deal at 85% LTV with £1,000 cashback.

Details are as follows:

Exclusive purchase deals with £1,000 cashback:

•   New 85% LTV 5 Year Fixed Rate with £995 fee at 2.79%
•   90% LTV 2 Year Fixed Rate with £995 fee will be reduced to 3.18%

Core:

•   NEW ‘3 for 2’ 90% LTV 3 Year Fixed Rate fee-saver at 3.34%
•   ‘3 for 2’ 85% LTV 3 Year Fixed Rate fee-saver will be available at 2.77%
•   90% LTV 2 Year Fixed Rate with £995 fee will be reduced to 3.09%
•   Selected 85% LTV fixed rates will be reduced by up to 0.26 basis points (bps)
•   Selected BTL fixed rates will be reduced by 0.12bps

Product Transfer:

•   90% LTV 3 Year Fixed Rate fee-saver will be reduced to 3.34%
•   Selected 85% LTV fixed rates will be reduced by up to 0.12bps.