You are here: Home - News -

Virgin Money slashes rates across residential range

by:
  • 26/09/2013
  • 0
Virgin Money slashes rates across residential range
Virgin Money has announced it will cut rates on mortgages across its residential range from tomorrow, Friday 27 September.

Mortgage Solutions reported on Monday that the lender had increased its SVR for new buy-to-let customers, who will now revert to a rate of 4.99% rather than 4.79% at the end of their initial period.

That change coincided with a refresh of the lender’s buy-to-let offering and Virgin has followed that announcement with a rate cut across its residential range.

Rates for higher LTV products have been reduced by up to 0.20%, including a two-year fix at 90% which is now available at 4.55%.

Tracker rates now start from 1.94% while reductions have also been made to Virgin Money’s fee-free range.

Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We are pleased to announce these latest mortgage rate reductions, which help borrowers across a range of circumstances.”

There are 0 Comment(s)

You may also be interested in