Virgin reduces intermediary mortgage rates

Virgin Money has reduced interest rates by up to 0.14% on a number of residential 65% LTV mortgage products from its Intermediary Exclusive range.

Related topics:  Mortgages
Rozi Jones
14th January 2015
virgin money

The revised products will be available exclusively through intermediaries registered with a Virgin Money national account.

Key changes to the Intermediary Exclusive range include a two-year fixed rate at 65% LTV reduced to 1.75%, with a £995 product fee, a three-year fixed rate at 65% LTV reduced to 2.25%, with a £995 product fee and a five-year fixed rate at 65% LTV reduced to 2.65%, with a £995 product fee.

Key changes to the Larger Loan Intermediary Exclusive range include a two-year fixed rate at 65% LTV reduced to 1.69% with a £1,495 product fee and a five-year fixed rate at 65% LTV reduced to 2.55%, with a £1,495 product fee.

The Larger Loan Intermediary Exclusives have a minimum loan size of £150,000.

Peter Rogerson, Virgin Money’s Mortgage Director said:

“Virgin Money is committed to supporting the intermediary market and borrowers in a range of situations. Our latest changes make sure we continue to offer attractive options to our intermediary partners for their low LTV clients.”

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