Virgin Money has announced a number of changes across its Residential and Buy-to-let mortgage range. The updated range will be available from today.
Key Residential Changes
60% LTV change:
– A two year fixed rate now available at 2.19% with a £995 product fee
– A two year fixed rate at 2.15% is available exclusively through intermediaries registered with a Virgin Money national account. Available to both purchase and remortgage customers, the product has a maximum loan size of £300,000 and a product fee of £1,095
70% LTV change:
– A two year fixed rate now available at 2.29% with a £995 product fee
– A two year tracker reduced to 2.29% with a £995 product fee
– A five year fixed rate now available at 2.85% with a £995 product fee
90% LTV change:
– A two year fixed rate now available at 4.75% with a £995 product fee
Buy to Let Changes
– Three year fixed rates up to 60% LTV available at 3.59% (with a £1,995 product fee)
– A two year tracker at 70% LTV available at 3.99% (with a £995 product fee)
– A new two year fixed rate at 3.29% and five year fixed rate at 3.89% both at 60% LTV is available exclusively through intermediaries registered with a Virgin Money national account. Available to both purchase and remortgage customers, the product has a maximum loan size of £1,000,000 and a £2,495 product fee
– Cashback incentive of £750 remains across the buy-to-let range apart from the exclusive intermediary products which do not come with a cashback incentive.
Peter Rogerson, Commercial Director of Savings and Mortgages at Virgin Money said:
“The mortgage market is very competitive at the moment and these new rates demonstrate our commitment to lend and offer attractive products to intermediary partners and customers.”
Contact Integrity IFA now for free independent whole of market mortgage advice and use our website to use our free mortgage source and calculator. Integrity IFA for free mortgage advice in Edinburgh and the Lothian’s.
