Virgin Money is set to launch two new exclusive products, as well as introducing a number of rate changes across its existing mortgage range.
The new products include an exclusive purchase Fix and Switch 5-year fixed rate up to 90% loan-to-value (LTV) with £250 cashback at 4.98%, and an exclusive remortgage Fix and Switch 5-year fixed rate with free valuation and free legals at 4.69% up to 70% LTV.
The lender will also be making a number of rate changes as of today, Thursday 15th February.
Selected 85% to 90% LTV purchase exclusive fixed rates will be increased by up to 0.10%, with rates starting from 4.50%, and 60% and 70% LTV remortgage exclusive fixed rates will be increased by 0.05%, with rates starting from 4.29%.
In addition, exclusive buy-to-let (BTL) fixed rates will be increased by 0.10%, with rates starting from 3.97%., and £1m+ Purchase and remortgage exclusive fixed rates will be increased by up to 0.39%, with rates starting from 4.76%.
Selected residential product transfer 65% and 75% LTV 2-, 3- and 5-year fixed rates will be increased by up to 0.15% and buy-to-let product transfer 2-, 3- and 5-year fixed rates will be reduced by up to 0.25%.
Virgin Money has urged brokers wishing to securing existing product rates to submit applications before 8pm today.
