Virgin Money cuts resi, HTB and BTL rates

Virgin Money has reduced rates across its core residential, buy-to-let and Help-to-Buy product ranges.

Related topics:  Mortgages
Rozi Jones
2nd September 2016
virgin money
"After reporting a strong performance for the first six months of 2016, we remain focused on supporting our intermediary partners – and we believe this new range will be very popular with their customers."

Two-year fixed rate residential rates are now available from 1.44% up to 65% LTV, with a £995 product fee.

Virgin's 90% LTV two-year fix up has been cut to 2.35%, and its five-year fix at 65% LTV is now available at 1.99%.

Help-to-Buy Guarantee rates at 95% LTV include a two-year fix reduced to 3.79% and a five-year fixed rate at 4.39%.

The Help-to-Buy Equity Loan range includes a two-year fixed rate up to 75% LTV reduced to 1.65% and a five-year fix up to 55% LTV at 2.19%, both with with £500 cashback.

New buy-to-let rates at 75% LTV are a two-year fix at 2.19% and a five-year fix at 3.19%, both with a £1,995 product fee and £500 cashback for purchase and remortgage customers.

Peter Rogerson, Virgin Money’s Commercial Director for Mortgages, said: “We are delighted to be making a number of improvements across our residential, Help-to-Buy and buy-to-let product ranges. After reporting a strong performance for the first six months of 2016, we remain focused on supporting our intermediary partners – and we believe this new range will be very popular with their customers.”

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