Virgin Money has reduced rates across its fixed mortgage range, with cuts of up to 0.19% taking effect from Thursday 10th July.
The lender has applied changes to both purchase and remortgage deals. On the purchase side, 75% LTV exclusive 5-year fixed rates have been reduced by up to 0.04%, now starting from 4.07%, while 80% LTV exclusive 2- and 5-year fixed rates are down by up to 0.05%, starting from 4.05%.
The 85% LTV exclusive 5-year fixed with a £895 fee now stands at 4.16% following a 0.03% reduction. Virgin Money’s 95% LTV 5-year fixed fee-saver has been reduced by 0.10% to 4.79%.
In the remortgage segment, selected 2- and 5-year fixed rates have been reduced by up to 0.19%, with pricing now starting from 4.09%.
These changes continue a trend of downward movement in fixed mortgage pricing across the market, driven by falling swap rates and increased competition among lenders seeking to improve their positioning on rate tables.
