The updated range will be available from Tuesday 13 November 2012.
Changes to the Fee Saver range include:
Two Year Fixed Rates
- Up to 60% LTV reduced by 0.16% to 3.09%
- Up to 70% LTV reduced by 0.16% to 3.19%
- Up to 75% LTV reduced by 0.40% to 3.69%
Five Year Fixed Rates
- Up to 70% LTV reduced by 0.24% to 3.55%
- Up to 75% LTV reduced by 0.69% to 3.99%
Tracker Rates
- Two year trackers up to 70% LTV reduced by 0.16% to 3.19%
- Three year trackers up to 70% LTV reduced by 0.20% to 3.45%
Customers remortgaging from another lender who take a Fee Saver product will also benefit from free standard legal services and a free basic valuation.
Anthony Mooney, Director of Mortgages and Savings at Virgin Money said:
“Many mortgages with eye-catching headline rates also require the customer to pay a large arrangement or product fee, and some of these fees have gone up recently. While these products are attractive to some customers, many customers want the simple combination of an attractive interest rate with no arrangement fee. In recognition of that, we are reducing rates on Virgin Money’s Fee Saver range, which have no product arrangement fees.”
