Key residential changes
Two-year fixed rates
- 60% LTV with a £995 product fee reduced to 2.04%
- 60% LTV Fee Saver Option reduced to 2.45%
- 80% LTV reduced to 2.85% with a £995 product fee - with £300 cash back for purchase customers
Three-year fixed rates
- 70% LTV reduced to 2.29% with a £995 product fee
- 80% LTV reduced to 3.25% with a £995 product fee - with £300 cash back for purchase customers
- 85% LTV reduced to 3.69% with a £995 product fee - with £300 cash back for purchase customers
Tracker range
- Two-year trackers up to 70% LTV reduced to 2.04% with a £995 product fee
- Two-year trackers up to 80% LTV reduced to 2.85% with a £995 product fee
- Three-year trackers up to 80% LTV reduced to 3.25% with a £995 product fee
Key buy-to-let changes
- New two-year intermediary exclusive fixed rate available at 2.99% (60% LTV, £2,495 product fee)
- Two-year fixed rates up to 60% LTV reduced to 3.38% (£1,995 product fee)
- Cashback of £750 remains available across the buy-to-let range (excluding intermediary exclusives)
Peter Rogerson, Commercial Director for Mortgages and Savings at Virgin Money said:
“We are pleased to support borrowers with these lower rates for residential mortgage customers. We are also continuing to help buy-to-let customers, and were delighted when our support for this segment was recognised this week in winning Best Buy-to-Let Mortgage Provider in the 2013 What Mortgage Awards.”
