Virgin Money is set to introduce a series of mortgage rate reductions, effective from tomorrow (Tuesday 18th February).
The changes will apply to a range of purchase and buy-to-let (BTL) products, with reductions across various loan-to-value (LTV) categories.
For homebuyers, selected 80% LTV 2- and 5-year fixed rates will see reductions of up to 0.05%, with rates starting from 4.44%.
Those seeking a 90% LTV 2-year fixed rate with a £995 fee will benefit from a 0.07% reduction, bringing the new rate to 4.99%.
Meanwhile, 95% LTV Fix and Switch rates will drop by up to 0.14%, settling at 5.47%.
Additionally, the 95% LTV 2-year fixed-rate fee-saver products will decrease by up to 0.09%, also to 5.47%, while the 5-year fixed-rate fee-saver option at 95% LTV will be reduced by 0.02% to 5.22%.
First-time buyers using the 90% LTV Own New 2-year fixed-rate product will also see a 0.07% decrease, with rates starting from 2.33%.
Virgin Money is also making adjustments to its buy-to-let offerings.
The 75% LTV 2-year fixed-rate product with a 3% fee will be reduced by 0.05%, bringing the new rate down to 3.82%.
