Virgin Money is launching new 5-year fixed rate mortgages for purchase and remortgage as well as cutting the rates on selected 10-year fixes.
Remortgage deals are launched at 65% loan-to-value (LTV) and 85% LTV at 3.25% and 3.41% fixed for 5-years respectively. Both come with a £1,295 fee.
For purchase a new 85% LTV 5-year fix has been launched at 3.45% with a £1,495 fee, this product comes with £500 cashback.
Meanwhile selected 95% LTV rates are being reduced by up to 0.25%. Selected 10-year fixed rates will be reduced by up to 0.55%.
A note to brokers reads: “With the cost of living crisis front of mind for many customers, we’re reducing selected 10-year fixed rates to help customers looking for certainty over their mortgage payments for longer.”
