The lender will offer a two-year fix at 1.89% and a five-year fix at 2.95% for loans up to 60% LTV, both with a product fee of £995.
Virgin Money, which has announced it will offer mortgages under the Help to Buy mortgage guarantee scheme from early next year, has also launched a new low deposit product for a limited time. The two-year fix is available at 3.99% up to 90% LTV, also with a 3.99% fee.
All products offer a maximum loan size of £250,000 and will not be made available through Virgin Money’s direct channels.
Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We’re expecting these new mortgages to be very popular, and we are delighted to offer them to mortgage customers through our intermediary partners.”
