Virgin Money has updated its mortgage product offerings with rate reductions and the introduction of limited-time 7 Day Specials, effective from today (14th November 2023).
The updates include new fixed-rate options and adjustments to existing products, aimed at enhancing the choices for both homebuyers and those looking to remortgage.
The lender has introduced new Remortgage Exclusives as part of its 7 Day Specials, which come with a £995 fee.
This includes a 60% loan-to-value (LTV) 5-year fixed rate at 4.70% and a 70% LTV 5-year fixed rate at 4.80%, available until 8pm on 20th November.
For Purchase Exclusives, the 7 Day Specials offer fee-savers with £500 cashback. This includes a new 90% LTV 2-year fixed rate at 5.85% and a 90% LTV 5-year fixed rate at 5.16%.
Additionally, Virgin Money has made several rate reductions across their product range. Purchase Exclusives with a £1,295 fee have seen rate cuts of up to 0.11%, starting from 4.58%. The rates for Purchase Exclusive fee-savers have also been reduced by up to 0.06%, now starting from 4.78%.
In the Remortgage Exclusives category, products with a £995 fee have experienced rate reductions by up to 0.12%, with starting rates from 4.85%. For Buy-to-Let (BTL) Remortgage and Purchase Exclusives, those with a £2,195 fee have seen rate decreases of up to 0.24%, with starting rates from 4.81%, and BTL products with a 1% fee have been reduced by up to 0.15%, starting from 4.99%.
