"For those customers looking for longer term security we have a new five year fixed rate at sub 4% at 65% LTV."
Virgin Money has announced a series of rate cuts across its residential and buy-to-let mortgage ranges by up to 0.33%.
Across its residential exclusive range, five-year fixed rates at 65% LTV now start at 3.90% for purchases with a £1,495 fee and 3.91% for remortgage with a £995 fee.
In addition, five-year fixed rate purchase products have reduced to 4.22% at 85% LTV and 4.41% at 90% LTV, both with a £1,495 fee.
In Virgin's core range, five-year fixed rates at 65% LTV have reduced to 3.95% with a £995 fee and 4.14% fee-free.
Buy-to-let rate reductions include 50% LTV products, with a two-year fix reducing by 11bps to 4.07% and a five-year fix by 10bps to 4.10%. Selected fixed rates have also lowered by up to 0.10%.
In addition, selected residential and buy-to-let product transfer rates have reduced by up to 0.33%.
Richard Walker, head of intermediary sales at Virgin Money, said: “We have made a number of reductions across our residential and buy-to-let range supporting all segments of the market including those customers who may be looking to make the next step on the housing ladder. For those customers looking for longer term security we have a new five year fixed rate at sub 4% at 65% LTV.”
