Virgin Money cuts residential rates by up to 0.30%

Virgin Money is reducing a number of interest rates in its residential mortgage range, available from Thursday 22 November 2012.

Related topics:  Mortgages
Amy Loddington
21st November 2012
Mortgages
Two year fixed rates up to 75% LTV are being reduced by 0.16% to 3.29%, with loans up to 60% LTV available at 2.68% (both with a £995 product fee).  A two year tracker with a £995 product fee up to 75% LTV is also being reduced, by 0.16%, to 3.29%.

Three year fixed rates will be available at 2.95%, a reduction of 0.30% (up to 70% LTV with a £995 product fee).  The equivalent product up to 75% LTV will reduce by 0.21% to 3.48%.

Selected five year fixed rates will also reduce, with loans up to 70% LTV available at 3.18% – a 0.21% reduction – and up to 75% at 3.65%, a 0.14% reduction (both with a £995 product fee).
A number of updates to the buy to let range have also been made. 

A two year fixed rate up to 60% LTV will be available at 3.75%, or up to 70% LTV at 4.15%.  Both products have a £1,995 product fee. 

With a £995 product fee, a two year fixed rate up to 60% LTV will be available at 4.25%, and up to 70% LTV at 4.49%.  The limited offer of £750 cashback on buy to let will no longer be available, with cashback across the buy to let range reverting to the previous level of £500.
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