Virgin Money has announced a series of mortgage rate reductions, effective from tomorrow, Friday 28th March.
The changes will affect various mortgage products across exclusive, purchase, remortgage, buy-to-let (BTL), and product transfer categories.
In the exclusive purchase category, Virgin Money will reduce its 80% loan-to-value (LTV) 2-year fixed rates by 0.03%, with rates starting from 4.42%.
The Fix and Switch fixed rates will see a reduction of up to 0.13%, beginning at 4.79%.
For those opting for 75% LTV 2- and 5-year fixed rates for properties over £1m, the rates will be reduced by 0.10%, starting from 4.44%.
Other selected products, including the Own New 2- and 5-year fixed rates, will also be reduced by up to 0.10%, with rates starting from 0.50%.
Additionally, the Retrofit Boost 5-year fixed rates with a £995 fee will be cut by up to 0.10%, beginning at 4.77%.
For general purchase mortgages, Virgin Money will reduce 2-year fixed rates by up to 0.10%, with rates starting from 4.37%.
The 5-year fixed rates in this category will also see a reduction of up to 0.10%, starting from 4.24%.
Green -2 and 5-year fixed rates will be reduced by up to 0.10%, beginning at 4.20%.
For selected Shared Ownership fixed rates, the reduction will be up to 0.07%, starting from 4.35%.
In the exclusive remortgage category, Virgin Money will reduce Fix and Switch fixed rates by up to 0.06%, starting from 4.87%.
The 75% LTV 2- and 5-year fixed rates for properties over £1m will be reduced by 0.13%, beginning at 4.41%.
The Retrofit Boost 5-year fixed rates with a £995 fee will also see a reduction of up to 0.10%, with rates starting from 4.77%.
As part of its remortgage range, Virgin Money will reduce selected 2-year fixed rates by up to 0.13%, starting from 4.37%.
Selected 5-year fixed rates will be reduced by up to 0.15%, beginning at 4.29%.
In the buy-to-let exclusive category, the 2- and 5-year fixed rates with a £2,195 fee will be reduced by up to 0.23%, with rates starting from 4.26%.
The 5-year fixed rates with a 3% fee will be reduced by up to 0.17%, starting from 3.82%.
Additionally, the 60% and 75% LTV 5-year fixed rates with a 1% fee will be reduced by up to 0.13%, starting from 4.26%.
The Fix and Switch fixed rates will see a reduction of 0.20%, beginning at 4.90%, and the 75% LTV Retrofit Boost 5-Year fixed rate with a £1,995 fee will be reduced by 0.14%, starting from 4.93%.
For buy-to-let general mortgages, the 2- and 5-year fixed rates with a £995 fee will be reduced by 0.10%, with rates starting from 4.39%.
The 75% LTV 2- and 5-year fixed rate fee-savers will be reduced by 0.10%, to 4.65%.
Lastly, in its product transfer range, Virgin Money will reduce selected 85% and 90% LTV fixed rates by up to 0.12%, and BTL fixed rates will be reduced by 0.10%.
