Available from tomorrow, residential fixed rates at 85% LTV include a two-year fix at 2.34%, a three-year fix at 2.79% and a five-year fix at 3.25%.
Selected buy-to-let rates have also been reduced by 0.10%, including a two-year fixed rate at 60% LTV from 2.29%, and a 60% LTV two-year tracker rate at 2.49%.
An intermediary exclusive 65% LTV two-year fixed rate has been reduced by 0.10% to 1.49%, with the product fee reduced from £1,495 to £995.
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said:
“The rate reductions we have announced support both residential and buy-to-let customers, ensuring that we continue to offer attractive options to borrowers across the market. The two-year residential fixed rate we have available exclusively through our intermediary partners has been popular, so with the new lower rate, reduced product fee and no application fee, we expect demand for this product to be strong.”
