The range includes a two-year 60% LTV fixed rate at 1.84% and a five-year 60% LTV fix at 2.99%
On Virgin's existing intermediary exclusive BTL products, two-year fixes have been reduced by up to 0.14%, and now start from 1.99%, while five-year fixed rates now start from 3.15%.
Virgin has also increased the cashback on all intermediary buy-to-let exclusives from £500 to £750 for a limited period only.
Residential mortgage changes include:
- Two-year fixed rates at 90% LTV reduced by up to 0.25%, and now start from 2.63%
- Three-year fixed rates at 90% LTV reduced by up to 0.31%, and now start from 3.13%
- Five-year fixed rates at 90% LTV reduced by up to 0.21%, and now start from 3.45%
All come with a £995 product fee, £300 cashback for purchases and £500 for first time buyers.
Selected two, three and five-year fixed rate fee savers between 75% and 85% LTV have also been reduced by up to 0.77%.
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said:
“We are delighted to continue to support the mortgage market through the introduction of our competitive new range, across both the residential and Buy-to-let sectors. We have increased the cashback we offer across our intermediary exclusive buy-to-let range for a limited period, and we are continuing to support landlords with this latest round of improvements to our products, which are available through all of our intermediary partners.”
