The updated range will be available from 15 January 2013, with rate reductions across all LTV bands to support customers in a range of circumstances.
90% LTV changes:
- two year fixed rates1 available at 4.65% - a reduction of 0.34%
- three year fixed rates1 available at 4.99% - a reduction of 1.20%
- five year fixed rates1 also available at 4.99% - a reduction of 1.30% - offering customers the opportunity to fix their rate for five years at the same cost as a three year product
85% LTV changes:
- two year fixed rates available at 3.94% - a reduction of 0.15%
- three year fixed rates available at 4.15% - a reduction of 0.94%
- five year fixed rates available at 4.29% - a reduction of 0.90%
60% LTV changes:
- two year fixed rates available at 2.49% - a reduction of 0.15%
- two year trackers available at 2.55% - a reduction of 0.20%
Pete Ball, Product and Commercial Director at Virgin Money said:
“We’re delighted to be able to start the year by reducing rates across our mortgage range, which customers with both smaller and larger deposits can benefit from. Our intention in 2013 is to continue to grow the business, supporting mortgage customers across the market."
