They have show their committment to supporting customers with smaller deposits, and will reduce their 90% LTV two-year fixed rate mortgage product to 4.29% with a £995 fee.
They have also made improvements to their product offering for customers at lower LTVs, with rate reductions to selected fixed rates and Trackers. This includes a two-year fixed rate product at 2.29% up to 75% LTV with a £995 product fee; and a very competitive two-year Tracker at 1.89% up to 70% LTV, with a £995 product fee.
Fee-saver products have also been improved, with a new three-year fixed rate at 2.59% up to 70% LTV with no fee, and a five-year fixed rate at 3.19% up to 70% LTV with no fee.
Peter Rogerson, Commercial Director for Mortgages and Savings at Virgin Money said:
“We are pleased to announce these latest mortgage rate changes, which will help borrowers across a range of circumstances.”
