Virgin Money is set to reduce rates on a selection of its mortgage products from Friday, 12th January.
These changes will include rate cuts on purchase exclusives with cashback offers and remortgage exclusives, along with adjustments to product transfer rates.
For purchase exclusives offering £500 cashback, 2-year fixed rates with a £1,295 fee will start from 4.47% after a reduction of up to 0.16%.
The 5-year fixed rates with the same fee will see a decrease of up to 0.27%, starting from 3.92%.
Fee-saver options for 2-year and 5-year fixed rates will also be reduced, starting from 4.79% and 4.25%, respectively.
Professional purchase exclusives with £300 cashback will have 2-year fixed rate fee-savers starting from 4.87%, and 5-year fixed rate fee-savers from 4.26%, both reflecting significant rate cuts.
For remortgage exclusives with a 1% fee, rates are being trimmed by 0.10% for both 60% LTV 2-year fixed rates and 70% LTV 2-year fixed rates, with the new rates standing at 4.24% and 4.39%, respectively.
Product transfer options will see a reduction of 0.04% for 65% LTV 2 and 5-year fixed rates with a £1,495 fee, starting from 3.88%.
Furthermore, rates for 65% and 75% LTV across 2, 3, and 5-year fixed rates with a £995 fee will start from 3.93% after reductions of up to 0.09%.
