Virgin Money has launched new exclusive residential and buy-to-let mortgage products, as well as making selected increases and decreases across its existing product range.
Virgin has launched a new 90% LTV five-year fixed rate at 4.82% for new build properties with an energy rating of A or B, with no fee and £500 cashback.
It has also launched two exclusive residential remortgage products with an £895 fee. Five-year fixed rates start from 4.49% at 65% LTV and 4.59% at 75% LTV.
Exclusive Residential Remortgage with £895 fee
In addition, the lender has introduced new buy-to-let purchase and remortgage deals with a 1% fee, including an 80% LTV five-year fix at 4.99%.
For portfolio landlords, new two-year fixes have launched from 5.04% at 60% LTV and 5.14% at 75% LTV, while five-year equivalents have launched at 4.74% and 4.89% respectively.
In addition, Virgin has announced a series of rate changes across its ranges.
A 95% LTV purchase five-year fixed rate fee-saver product has increased by 0.03% to 5.22%, while a 75% LTV buy-to-let Fix and Switch product with a £1,495 fee has increased by 0.05% to 5.09%.
Virgin has also announced a series of rate reductions. 85% and 90% LTV shared ownership two and five-year fixed rates have been reduced by 0.10%, with rates now starting from 4.59%.
65%, 75% and 85% Greener new build fixed rates are down by 0.05% and 75% LTV £1m+ two and five-year fixed rates have been reduced by up to 0.09%, starting from 4.70%.
As part of the changes, Virgin is withdrawing selected buy-to-let exclusive five-year fixed rate, 60% and 70% LTV exclusive remortgage five-year fixes, 65% and 75% LTV shared ownership rates and selected buy-to-let 10-year fixes.
