Effective from tomorrow (27th September), Virgin Money will reduce rates on various mortgage and remortgage products, including buy-to-let (BTL).
For purchase mortgages, the 95% loan-to-value (LTV) 5-year fixed rate fee saver will be reduced by 0.04% to 4.99%, and the 95% LTV 2-year fixed rate fee saver will be reduced by 0.06% to 5.58%.
For remortgage products, selected 2-year and 5-year fixed rates will be reduced by up to 0.15%, starting from 3.96%, and selected product transfer 2, 3 and 5-year fixed rates will be reduced by up to 0.15%, starting from 3.79%.
In Virgin Money’s BTL Exclusives range, 2 and 5-year fixed rates with a 1% fee will be reduced by up to 0.14%, starting from 4.07%, selected 2 and 5-year fixed rates with a 3% fee will be reduced by up to 0.07%, starting from 3.73%, and 75% LTV 5-year fixed rate with £2,195 fee will be reduced by 0.02% to 4.16%.
Virgin Money also reviewed its early repayment charges as part of this change.
