On Tuesday, May 2nd at 8pm, Virgin Money will be introducing new product rates and making changes to its existing range.
These adjustments include new exclusive 70% loan-to-value (LTV) remortgage fixed rates starting at 4.15% and new buy-to-let 50% LTV fixed rates with a £995 fee starting at 4.65%.
Core and exclusive fixed rates will be increased by up to 0.30%, starting from 4.09%, while buy-to-let fixed rates will also be increased by up to 0.30%, starting from 4.52%. Product transfer fixed rates will be increased by up to 0.38%, starting from 3.99%.
In addition to these changes, Virgin Money has extended its Green Reward offer. The sustainability initiative rewards existing residential and buy-to-let customers with £250 cashback for making green home improvements.
The new deadline for Green Reward Registration is December 31st, 2023, and the deadline for Green Reward Claim is July 31st, 2024.
To be eligible for the cashback, customers must take additional borrowing, or a product transfer with additional borrowing, and spend at least £2,500 on eligible green home improvements.
Richard Walker, head of intermediary sales at Virgin Money, said: “We’ve got great news about Green Reward; our sustainability initiative that rewards existing residential and buy-to-let customers with £250 cashback for making green home improvements.
“We’ve extended our deadline dates to the end of the year, allowing more customers the chance to register and take part in the scheme.”
