Virgin Money is launching a wide range of new mortgage products on Tuesday 28 October, including a fresh selection of tracker and fixed-rate deals across purchase, remortgage and product transfer ranges.

Among the highlights are new two-year ERC-free tracker options, starting from 4.29% for purchases and 4.19% for remortgages, both with a £999 fee. Fee-saver variants will also be available, starting from 4.99% and 4.94% respectively.

The lender will also introduce new two- and five-year fixed-rate purchase products from 4.22% and 4.27%, while remortgage customers will see new two- and five-year fixed options from 3.99% and 4.04%.

For shared ownership borrowers, Virgin Money is launching two- and five-year fixed-rate deals with a £999 fee, starting from 4.18% and 4.26%.

In its product transfer range, the bank is adding a broad spread of new options. These include two-year ERC-free trackers from 4.14%, as well as two-, three-, five- and 10-year fixed rates, starting from 3.79%. Selected fixed-rate fee-saver products will be adjusted, with some increasing by up to 0.20% and others falling by up to 0.21%.

WITHDRAWALS

Ahead of the launch, Virgin Money confirmed that a series of existing products have been withdrawn. The withdrawals affect multiple ranges, including the lender’s “Fix & Switch” and “Freedom to Fix” tracker products.

For purchase and remortgage customers, two- and five-year fixed rates with a £995 fee have been removed, alongside shared ownership equivalents. In the buy-to-let range, all Fix & Switch products are no longer available.

Within the product transfer range, one-year fixed rate fee-savers and several two-, three- and five-year fixed options – including those with £995 and £1,995 fees – have also been withdrawn, along with two-year Freedom to Fix trackers.