Virgin Money reduces product transfer rates

Virgin Money is reducing the rates on the following products, as of tomorrow (7th March).

Its 65% loan-to-value (LTV) 2-year fixed rate with £995 fee will be reduced by 0.16% to 4.37%, its 65% LTV 2-year fixed rate fee-saver will be reduced by 0.26% to 4.60%, and its 65% LTV 5-year fixed rate with £995 fee will be reduced by 0.16% to 3.99%.

Additionally, Virgin’s 65% LTV 5-year fixed rate fee-saver will be reduced by 0.10% to 4.17%, and further selected 2-, 3- and 5-year fixed rates will be reduced by up to 0.21%.

Richard Walker, head of intermediary sales at Virgin Money, said: “We don’t believe that our best rates should be saved just for new customers.

“With 5-year fixed rates starting from 3.99%, these changes to our existing customer range improve the options available for those looking for a new rate on their existing loan.”

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