Small Deposits
Changes include rate reductions for customers with smaller deposits, as all 95% loan-to-value (LTV) residential two, three and five year fixed rates are available at 4.99%, with no product fees.
All 90% LTV residential fixed rates have also been reduced by 0.30%, with no product fees. A two-year fixed rate is now 3.59%, a three-year fixed rate is now 4.09%, while a five-year fixed rate has been reduced to 4.19%.
Help to Buy
Virgin Money has also launched a new Help to Buy Equity Loan Stamp Duty Buster range, offering cash back of £2,500
A new two-year fixed rate Stamp Duty Buster at 75% LTV is available at 3.19%, with a £995 product fee. A three-year fixed rate Stamp Duty Buster at 75% LTV has been reduced to 3.29% – a reduction of 0.20% – with a £995 product fee.
The lender’s five-year fixed rate Stamp Duty Buster at 75% LTV is reduced to 3.49% – a reduction of 0.30% – with a £995 product fee.
Intermediary Exclusive range
Virgin Money has launched a number of new products across its Intermediary Exclusive range.
Two and three year fixes at at 65% LTV are available at 1.84%and 2.35% respectively, both with a £995 product fee.
Five-year fixed rate at 65% LTV are reduced to 2.79% and 2.69%, with a £995 and £1,495 product fee respectively.
The £99 application fee is being waived, for a limited period only, on all 65% LTV Intermediary Exclusive five-year fixed remortgage rates.
Peter Rogerson, director of Savings and Mortgages at Virgin Money, said: “We’re delighted to begin 2015 by launching our updated mortgage range, which includes rate reductions and some new products. We believe our improved mortgage range continues to demonstrate Virgin Money’s commitment to supporting mortgage borrowers in 2015.”
