New remortgage products include a five-year fixed rate at 2.34% up to 70% LTV (£1,495 product fee) and 2.94% at 80% LTV (£495 product fee).
Virgin has also launched an intermediary exclusive two-year fixed rate at 65% LTV reduced to 1.39%.
Two-year residential fixed rates have been reduced to 2.09% at 75% LTV, 2.14% at 80% LTV, and 2.19% at 85% LTV.
Buy-to-let product changes include:
- Two-year fixed rate at 75% LTV reduced by 0.16% to 2.89% (£1,995 product fee, £500 cashback)
- Five-year fixed rate at 75% LTV reduced by 0.10% to 3.79% (£995 product fee, £500 cashback)
- Two-year tracker rate at 75% LTV reduced by 0.30% to 2.79% (£995 product fee, £500 cashback)
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages, said:
“We’re delighted to announce these latest improvements to our mortgage range, reducing rates on both our residential and buy-to-let products. In line with the commitments we announced earlier in the year, our intermediary partners have access to all products across our range and we are pleased to announce a further rate reduction on one of our most popular intermediary exclusive deals.”
