Virgin Money cuts rates by up to 0.40%
Virgin Money has reduced a number of rates across its residential and buy-to-let mortgage ranges. All products will be available from Thursday 31 July 2014.
Key changes include improvements for customers with smaller deposits, such as a reduction of 0.08% on a two-year fixed rate at 3.15% up to 85% LTV with a £995 product fee, and a reduction of 0.20% on their two-year fixed rate at 5.39% up to 95% LTV with no product fee.
Improvements for customers with larger deposits include a five-year fixed rate at 3.49% up to 75% LTV with no product fee with a reduction of 0.15%.
They have made a number of reductions across the BTL range, including a 0.40% reduction on their two-year fixed rate at 3.19% up to 70% LTV with a 2.0% product fee.
Peter Rogerson, Virgin Money Savings and Mortgages Director said:
“We’re delighted to make these rate reductions across our mortgage range which is beneficial for all types of borrower. The rate reductions show that Virgin Money remains committed to supporting all key areas of the mortgage market.”
For independent whole of market mortgage advice contact Integrity IFA now on 01316530588.