Key residential changes
Two-year fixed rates
• 60% LTV with a £995 product fee reduced to 2.04%
• 60% LTV Fee Saver Option reduced to 2.45%
• 80% LTV reduced to 2.85% with a £995 product fee – with £300 cash back for purchase customers
Three-year fixed rates
• 70% LTV reduced to 2.29% with a £995 product fee
• 80% LTV reduced to 3.25% with a £995 product fee – with £300 cash back for purchase customers
• 85% LTV reduced to 3.69% with a £995 product fee – with £300 cash back for purchase customers
Tracker range
• Two-year trackers up to 70% LTV reduced to 2.04% with a £995 product fee
• Two-year trackers up to 80% LTV reduced to 2.85% with a £995 product fee
• Three-year trackers up to 80% LTV reduced to 3.25% with a £995 product fee
Key buy-to-let changes
• New two-year intermediary exclusive fixed rate available at 2.99% (60% LTV, £2,495 product fee)
• Two-year fixed rates up to 60% LTV reduced to 3.38% (£1,995 product fee)
• Cashback of £750 remains available across the buy-to-let range (excluding intermediary exclusives)
Peter Rogerson, commercial director for mortgages and savings at Virgin Money said: “We are pleased to support borrowers with these lower rates for residential mortgage customers.”
