Virgin Money is making a range of pricing changes across its mortgage product range from tomorrow (Thursday 1st May), including the launch of new exclusive deals and rate reductions of up to 0.17%.
In its exclusive purchase range, the lender will launch two new 75% loan-to-value (LTV) 5-year fixed rates, priced at 4.09% with an £895 fee, and 4.22% for the fee-saver option.
The 80% LTV 2-year fixed exclusive will be reduced by 0.05% to 4.24% (£895 fee), and the fee-saver version will drop by 0.08% to 4.44%.
In its main purchase range, selected Shared Ownership fixed rates will be reduced by up to 0.17%, with revised pricing starting from 4.25%.
Virgin Money will also reduce rates across its buy-to-let (BTL) range. Selected 2- and 5-year fixed rates with a 3% fee will drop by up to 0.04%, starting from 3.29%, while those with a 1% fee will fall by up to 0.12%, starting from 4.12%.
Products with a £2,195 fee will be cut by up to 0.15%, starting from 4.14%. Additionally, 60% LTV 2- and 5-year fixed BTL products with a £995 fee will be reduced by up to 0.10%, with rates now starting at 4.29%.
In the product transfer range, selected 65% and 75% LTV 2-, 3- and 5-year fixed rates will be reduced by up to 0.07%.
Selected 2-year BTL product transfer rates will decrease by 0.05%, while 5-year BTL options will reduce by up to 0.10%.
