All of their 95% LTV residential fixed rates are now available at 4.99%, with rate reductions of up to 0.80%.
All 90% LTV residential fixed rates reduced by 0.30%, bringing their two-year fixed rate down to 3.59%, three-year fix to 4.09% and five-year fix to 4.19%.
Additionally, Virgin have launched a new Stamp Duty Buster range for Help to Buy equity loan customers, offering cashback of £2,500.
The range includes:
- A new two-year fixed rate at 75% LTV available at 3.19%, with a £995 product fee.
- Three-year fixed rate at 75% LTV reduced to 3.29% – a reduction of 0.20% – with a £995 product fee.
- Five-year fixed rate at 75% LTV reduced to 3.49% – a reduction of 0.30% – with a £995 product fee.
The company has also launched a number of new products across its Intermediary Exclusive range, including:
- A new two-year fixed rate at 65% LTV available at 1.84%, with a £995 product fee.
- Three- year fixed rate at 65% LTV reduced to 2.35%, with a £995 product fee.
- Five-year fixed rate at 65% LTV reduced to 2.79%, with a £995 product fee.
- Five-year fixed rate at 65% LTV reduced to 2.69%, with a £1,495 product fee.
Peter Rogerson, Virgin Money’s Savings and Mortgages Director said:
“We’re delighted to begin 2015 by launching our updated mortgage range, which includes rate reductions and some new products. We believe our improved mortgage range continues to demonstrate Virgin Money’s commitment to supporting mortgage borrowers in 2015.”
