Virgin Money has announced it will reduce rates on several mortgage products starting at 8 pm today, Monday 1st July. These changes will include reductions across exclusive purchase deals, core products, and product transfers.
Exclusive purchase deals will see reductions. The 85% LTV 5-year Fix and Switch fee-saver deal will decrease by 0.10% to 5.44%. The 90% LTV 5-year Fix and Switch fee-saver deal will decrease by 0.10% to 5.59%.
The 95% LTV 5-year Fix and Switch fee-saver deal will decrease by 0.05% to 5.94%. The 75% LTV 5-year fixed rate with an £895 fee will decrease by 0.06% to 4.50%.
The 80% LTV 5-year fixed rate with an £895 fee will decrease by 0.09% to 4.55%. The 80% LTV 5-year fixed rate fee-saver will decrease by 0.07% to 4.73%.
The 90% LTV 5-year Greener & Professional fee-saver fixed rate will decrease by 0.04% to 4.95%. Selected Own New fixed rates will decrease by up to 0.10%, starting from 1.09%.
Core products will also see changes. Selected purchase fixed rates with a £995 fee will decrease by up to 0.10%, starting from 4.59%.
Selected purchase fixed rate fee-savers will decrease by up to 0.10%, starting from 4.79%. The 85% LTV 2-year Shared Ownership fixed rate fee-saver will decrease by 0.10% to 5.29%.
Product transfers will include reductions. Selected buy-to-let product transfer fixed rates will decrease by up to 0.15%, starting from 4.51%.
New Help To Buy fee, LTV, and term options will be available, equivalent to the core fixed range. Shared Ownership customers can now select from the standard product transfer range.
Virgin Money will also withdraw the following products: Product Transfer 65% and 95% LTV 10-year fixed rate fee-savers, and Shared Ownership Product Transfer fixed rates.
