Virgin Money has announced the launch of new broker exclusive products and has reduced rates across its existing purchase and remortgage ranges by up to 0.25%.
The lender has launched two new remortgage exclusives at 75% LTV, with a two-year fixed rate at 4.18% and a five-year fix at 4.09%, both with a £995 fee.
New purchase exclusives at 85% LTV include a two-year fix at 4.19% and five-year fix at 4.24% with a £995 fee.
In its existing range, Virgin has reduced selected two and five-year fixed rate purchase products by up to 0.25%, including fee-free products.
A 95% LTV shared ownership two-year fixed rate has reduced by 0.07%, selected Own New rates are down by up to 0.15%, and Retrofit Boost five-year fixes are also decreasing by up to 0.15%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.
In Virgin's remortgage range, two and five-year fixed rates have reduced by up to 0.16% and Retrofit Boost rates are down by up to 0.15%.
In addition, selected product transfer rates have reduced by 0.10%, with a two-year fix at 65% LTV down to 3.74% with a £1,995 fee. At 80% and 85% LTV, two and three-year fixed rates with a £995 fee have reduced to 4.53% and five-year fixes now start from 4.29%.
