Virgin makes changes across residential & BTL mortgages

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.

Related topics:  Mortgages
Amy Loddington
31st May 2013
Mortgages
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."
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