Virgin Money has made updates to its mortgage offerings, including the launch of new fixed-rate products and adjustments to existing rates.
These changes will take effect over the coming days, with significant developments planned for tomorrow, Friday 22nd November.
On 22nd November, Virgin Money will introduce several new purchase exclusives, all featuring free valuations.
Among the new products is an 80% loan-to-value (LTV) 2-year fixed rate mortgage with a £895 fee, priced at 4.59%, and a fee-free alternative set at 4.85%.
Additionally, an 80% LTV 5-year fixed rate mortgage will be available at 4.34% with a £895 fee, alongside a fee-free option at 4.51%.
All these products will have end dates adjusted to 1st February of the relevant year.
Further adjustments will occur ahead of these launches.
Effective at 8pm today, Virgin Money will increase rates on selected products.
Certain 85% and 90% LTV 2-year and 5-year fixed rate mortgages will see increases of up to 0.15%, while rates on the Own New 85% and 90% LTV 2-year and 5-year fixed rate products will rise by up to 0.10%.
The Retrofit Boost 85% LTV 5-year fixed rate product will see a smaller increase of 0.05%.
Meanwhile, there will be reductions of up to 0.13% on selected Shared Ownership 2-year and 5-year fixed rate products.
Virgin Money has urged those looking to apply for the existing rates to ensure their applications are submitted by 8pm today.
