Mortgage News
Virgin Money pulls selected fixed rates
Virgin Money is set to pull several of its mortgage rates at 8pm tonight in response to market movements.
The newly re-branded lender confirmed selected two, three and five year fixed rates will disappear later today from its 70, 75, 80 and 85% LTV tiers.
A Virgin spokesperson said: “However, we have remained mindful of the need to support and stimulate the crucial first-time buyers market, where we have held the interest rate on our competitive 90% LTV two-year fixed-rate product at 5.49%.”
The cash back on the first-time buyer product has also been raised to £750, up from £500.
Virgin said we have clearly stated our lending ambitions for the coming five years at £45bn and we are realistic about that.
“It reflects the size of the company, and the broad agenda we have set ourselves as the bank that wants to be better in a whole variety of ways – for savers as well as mortgage customers.”
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