The two and five-year fixed deals are available for both purchase and remortgage customers.
Virgin’s two-year fix at 2.64% is available at up to 90% loan-to-value (LTV) and comes with £500 cashback for purchase customers. Remortgage customers can benefit from free standard valuation and free legals. The product has no up-front booking cost and comes with a £495 arrangement fee payable on completion.
Its five-year fix deal comes at a rate of 2.24% and is available up to 60% LTV. Remortgage customers receive a free standard valuation and free legals. There is no up-front booking fee and a £995 arrangement fee, which is also payable on completion.
Rob McCoy, senior product manager at Sesame Bankhall Group (pictured), said: “These will be among the most competitive products in the market and will, I’m sure, be popular with our members. We saw at the start of the year a demand from our members and their customers for this type of 5 year product so we are delighted that Virgin Money has been able to respond with this offering.”