Virgin Money is set to make a number of rate changes across its mortgage portfolio on Tuesday 17th June, including the launch of two new exclusive fixed rate products and a series of reductions on existing deals.
For residential purchase customers, a new 75% LTV 5-year fixed rate with a £895 fee will be introduced at 4.14%, alongside a new 85% LTV 5-year fixed at 4.28% with the same fee.
Meanwhile, the lender is reducing its exclusive 80% LTV 2-year fixed rate by 0.10% to 4.19%, and its 80% LTV 5-year fixed rate by 0.03% to 4.26%. Shared ownership fixed rates will also be lowered by up to 0.15%.
In the remortgage space, Virgin Money’s exclusive 75% LTV 5-year fixed rate with a £995 fee will fall by 0.06% to 4.14%.
Buy-to-let customers will also benefit from reductions across selected 2- and 5-year fixed products. Those with a £2,195 fee will see rates fall by up to 0.10%, while products with a 3% fee will be reduced by up to 0.05%. The lender’s 2- and 5-year fixed rates with a 1% fee will be cut by up to 0.14%.
