The revised Intermediary Exclusive products are now available to all intermediaries registered with a Virgin Money national account.
Key changes to the Larger Loan Intermediary Exclusive range include a two-year fixed rate at 65% LTV reduced to 1.55%, with a £1,495 product fee, and a five-year fixed rate at 65% LTV reduced to 2.35%, with a £1,495 product fee.
The Larger Loan Intermediary Exclusives have a minimum loan size of £150,000.
Key changes to the general Intermediary Exclusive range include:
- Two-year fixed rate at 65% LTV reduced to 1.72%, with a £995 product fee.
- Two-year fixed rate at 75% LTV reduced to 1.88%, with a £995 product fee.
- Five-year fixed rate at 65% LTV reduced to 2.43%, with a £995 product fee.
- Two-year fixed rate New Build special at 85% LTV available at 2.54%, with a £995 product fee and £500 cashback.
Virgin Money is also waiving the £99 application fee on selected 65%, 70% and 75% LTV intermediary exclusive products, for a limited period only.
Virgin have also reduced their residential two-year fixed rate at 85% LTV to 2.59% with a £995 product fee.
In their Buy-to-let range, they are offering a fixed rate at 60% LTV reduced to 2.39% with a £1,995 product fee and £500 cashback, and a five-year fixed rate at 60% LTV reduced to 3.55% with a £1,995 product fee and £500 cashback.
Peter Rogerson, Virgin Money’s Mortgage Director said:
“The rate reductions we have announced today continue to reinforce Virgin Money’s commitment to all segments of the mortgage market and to our intermediaries. We have also waived the £99 application fee on selected low LTV intermediary exclusive products. The improvements we have made will help customers benefit from some of the most competitive deals in the current market.”
