Virgin cuts rates by up to 0.40%

Virgin Money has made a number of rate reductions across its residential and buy-to-let range. All products will be available from Tuesday 22 July 2014.

Related topics:  Mortgages
Amy Loddington
21st July 2014
shutterstock_167623811.jpg

Key changes to the mortgage range include improvements for customers with lower deposits, including a new two-year fixed rate at 3.23% up to 85% LTV - a reduction of 0.25%, a two-year fixed rate at 4.29% up to 90% LTV with no product fee – a reduction of 0.20% and three-year fixed rate at 4.68% up to 90% LTV – a reduction of 0.20%.

Their buy-to-let rate reductions cut the rate on their two-year fix up to 60% by 0.10% and the rates on a number of fixed and tracker mortgages by 0.40%.

New buy-to-let intermediary exclusives are a two-year fixed rate at 2.79% up to 60% LTV, with a £1,995 product fee, and a two-year fixed rate at 2.99% up to 60% LTV, with a £1,495 product fee.

Peter Rogerson, Virgin Money Savings and Mortgages Director said:

“We’re delighted to make these changes to our mortgage products. The range has something for everyone, and the rate reductions are particularly beneficial for people with smaller deposits and buy-to-let investors.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.