Virgin makes series of rate changes

Virgin makes series of rate changes

 

Selected 85 per cent LTV residential rates have been increased by 0.05 per cent with rates now at 1.9 per cent for a two-year fixed purchase product with a £995 fee and 2.02 per cent for the three-year equivalent with £995 fee. 

A five-year fixed purchase mortgage at 85 per cent LTV now has a rate of 2.05 per cent with a £995 fee, while the fee-free option has a rate of 2.24 per cent. 

Certain buy to let and portfolio product rates have also gone up by 0.1 per cent. 

Across the intermediary exclusive products, the two-year fixed at 65 per cent loan to value (LTV) with a £1,495 fee has been reduced to 1.16 per cent from 1.34 per cent.

This comes with a free valuation for purchase customers or a free valuation and free legals for remortgage customers. 

The 65 per cent LTV five-year fixed fee saver option has been reduced from 1.67 per cent to 1.64 per cent with £500 cashback plus a free valuation for remortgage customers. 

Within its core range, Virgin has reduced the rate of the five-year fixed fee saver deal at 65 per cent LTV to 1.64 per cent. This product comes with a free valuation for purchase customers or a free valuation and free legals for remortgage customers.