Virgin Money is set to update its mortgage offerings from 1st February, introducing a new 95% loan-to-value (LTV) 2-year fixed rate at 5.49% and adjusting rates for other products.
The new option includes £500 cashback and targets buyers with smaller deposits.
Rate changes include slight increases of up to 0.05% for certain 2 and 5-year purchase and remortgage rates, with new rates starting from 4.40% and 4.69% respectively.
Reductions of up to 0.40% are planned for some 2 and 5-year purchase rates, with starting points at 4.69% and 4.39%.
Several products will be withdrawn on 31st January at 8pm, including various fixed rates with fees and fee-saver options across different LTVs.
