Virgin Money is set to refresh its mortgage range, launching a series of new tracker and fixed rate products tomorrow, Tuesday 28th October, alongside the withdrawal of selected existing deals.
The new products include 2- and 5-year fixed rates and ERC-free tracker options across purchase, remortgage and product transfer ranges.
For purchase customers, Virgin Money will introduce new 2-year ERC-free trackers with a £999 fee starting from 4.29%, and fee-saver versions from 4.99%.
New 2- and 5-year fixed rate options will also launch, beginning at 4.22% and 4.27% respectively, while new Shared Ownership fixed rates will start from 4.18% for 2-years and 4.26% for 5-years.
In the remortgage range, the lender will add new ERC-free trackers with a £999 fee from 4.19% and fee-saver trackers from 4.94%.
Fixed rate remortgage deals will begin at 3.99% for 2-years and 4.04% for 5-years.
For product transfers, Virgin Money is launching a broad set of new fixed and tracker options, including ERC-free trackers from 4.14%, 2-year fixed rates from 3.79% (with a £1,999 fee) and 3.89% (with a £999 fee), and 5-year fixed rates starting from 3.86%.
A new 10-year fixed rate will also be available from 4.49%, while selected existing fee-saver fixed rates will see rate adjustments of up to 0.20% higher or 0.21% lower.
At the same time, Virgin Money confirmed that from 8pm today, Monday 27th October, several existing products will be withdrawn, including all Fix & Switch options, Freedom to Fix tracker rates, and selected fixed rate deals across purchase, remortgage, buy-to-let, and product transfer ranges.
Virgin Money said its updated product guide will be available from Tuesday morning and encouraged brokers submitting applications for any products being withdrawn to do so by 8pm today.
