Virgin Money is launching a range of new mortgage products and reducing rates across its portfolio, with changes set to take effect on 20th March.
The lender has introduced new Shared Ownership Greener New Build products, including an 85% LTV 2-year fixed rate at 4.42% with a £995 fee and a 95% LTV 2-year fixed rate fee-saver at 5.33%.
For buy-to-let borrowers, Virgin Money has launched an exclusive remortgage offer with free valuation and £300 cashback, including a 60% LTV 2-year fixed rate at 3.49% with a 3% fee and a 75% LTV 5-year fixed rate at 4.04% with a 3% fee.
Additionally, Virgin Money has announced rate reductions across its product range, including selected 80% LTV purchase fixed rates cut by up to 0.13%, starting from 4.31%, and buy-to-let 2-year fixed rates at 60% LTV reduced by 0.10% to 4.49%.
Virgin Money is also withdrawing several products, including its 75% LTV 10-year fixed rate at 4.89% for purchase and remortgage. These changes will go live from 8pm on 19th March ahead of the full product launch on 20 March.
