Virgin overhauls high-LTV range

Virgin Money has announced a number of improvements to its higher LTV mortgage range for customers with smaller deposits.

Related topics:  Mortgages
Rozi Jones
23rd July 2015
virgin money

New products include a two-year fixed rate at 90% LTV at 3.19%, a three-year fixed rate at 90% LTV at 3.59%, and a five-year fixed rate at 90% LTV at 3.79%.

All have a £995 product fee, £500 cashback for first time buyers and £300 cashback for purchases.

New rates include a two-year fixed rate at 95% LTV reduced from 4.49% to 4.39%, a three-year fixed rate at 85% LTV reduced from 2.79% to 2.75%, and a five-year fixed rate at 85% LTV reduced from 3.25% to 3.20%.

Virgin Money has also extended the removal of the £99 application fee for all residential lending products for a limited period only.

Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said:

“We’re delighted to announce these latest improvements to our residential mortgage range which provide further support and choice for customers with smaller deposits.”

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