Virgin Money is set to launch several new mortgage products and has confirmed upcoming rate changes.
The new products will be available from Friday, 26th May, offering competitive rates across different loan-to-value (LTV) ratios and property types.
For buy-to-let (BTL) investors, Virgin Money is introducing exclusive fixed-rate options at 50% and 60% LTV, with rates starting from 4.27% and a fee of £2,195.
In the Core range, Virgin Money is introducing fixed-rate options for Shared Ownership at 65% and 75% LTV, with rates starting from 4.11%.
Additionally, residential mortgages at 80% LTV will be available at fixed rates starting from 4.37%. For BTL investors, an 80% LTV fixed rate product will be offered at 5.20%.
In conjunction with the new product launches, Virgin Money has also announced some rate changes, which will come into effect at 8pm today.
The BTL Tracker Rates with a £3,995 fee will be withdrawn, while selected residential and BTL fixed rates will see an increase of up to 0.12%.
Furthermore, selected Residential fixed rates for product transfer will be subject to an increase of up to 0.06%, and selected product transfer fixed rates will experience an increase of up to 0.10%.
