Virgin Money makes further rate reductions

Virgin Money has introduced a number of rate reductions across its mortgage range. All products are available with immediate effect.

Related topics:  Mortgages
Rozi Jones
18th November 2014
virgin money

Reductions to its residential core range, include:

- Two-year tracker at 80% LTV at 2.19% (£995 product fee) – a reduction of 0.96%
- Two-year fixed rate at 85% LTV at 2.74% (£995 product fee) – a reduction of 0.21%
- Five-year fixed rate at 75% LTV at 3.04% (£995 product fee) – a reduction of 0.45%
- Five-year fixed rate at 90% LTV at 4.49% (no product fee) – a reduction of 0.40%

Virgin Money has also reduced rates across its Intermediary Exclusive range. The products are available exclusively through intermediaries registered with a Virgin Money national account.

These include:

- Two-year fixed rate at 65% LTV at 1.69%, with a £1,495 product fee (remortgage customers only). Purchase rate available at 1.79%
- Two-year fixed rate at 75% LTV at 1.84%, with a £995 product fee (remortgage customers only). Purchase rate available at 1.93%

Virgin Money is also increasing the amount of cashback it pays on its buy-to-let intermediary exclusives from £250 to £500.

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