Virgin Money has made a series of changes to its mortgage products, set to take effect from today (Tuesday 16th July).
These changes include the launch of new seven-day specials and rate reductions across various products.
The seven-day specials are available until 8pm on Monday 22nd July.
The offerings include a 75% loan-to-value (LTV) remortgage 5-year fixed-rate with a £995 fee at 4.40%.
Additionally, the lender added an 80% LTV purchase 5-year fixed-rate with a £995 fee at 4.46%, which includes a free valuation, and a 90% LTV purchase 5-year fixed-rate with a £995 fee at 4.75%, also including a free valuation.
Virgin Money also reduced rates on several selected products.
The 75% LTV purchase 5-year fixed-rate fee saver was reduced by 0.04% to 4.63%, while the 80% LTV purchase 5-year fixed-rate fee saver was reduced by 0.08% to 4.65%.
Virgin’s 90% LTV purchase 5-year fixed-rate with a £995 fee saw a 0.02% reduction, and its 75% LTV remortgage 5-year fixed-rate fee saver was reduced by 0.12% to 4.65%.
In its buy-to-let (BTL) range, 5-year fixed rates with a £2,195 fee were reduced by up to 0.10%, and BTL 2- and 5-year fixed rates with a 3% fee were reduced by up to 0.12%.
The BTL 60% LTV 2-year fixed rate with a 1% fee saw a reduction of 0.05%, while the BTL Retrofit Boost 5-year fixed rate with a £1,995 fee was reduced by 0.04%.
For core products, the 90% LTV purchase 5-year fixed rate with a £995 fee decreased by 0.02% to 4.82%.
The 90% LTV purchase 5-year fixed-rate fee saver was reduced by 0.02% to 4.96% and the 95% LTV purchase 5-year fixed-rate fee saver by 0.01% to 5.34%.
For product transfers, the 65% and 75% LTV 2-year and 3-year fixed rates have seen reductions of up to 0.10%, and the 65% and 75% LTV 5-year fixed rates have been reduced by up to 0.18%.
These updates reflect Virgin Money’s efforts to provide competitive rates and attractive offers to mortgage brokers and their clients.
