Virgin Money has increased the maximum loan to value of its greener shared ownership mortgage available to 90 per cent and released buy-to-let deals at 65 per cent LTV.
The greener shared ownership mortgage is a two-year fixed rate with an interest rate of 2.24 per cent and comes with a £995 fee.
The exclusive buy-to-let products include a two-year fixed rate at 65 per cent LTV at 1.46 per cent, and a five-year fixed rate at 1.67 per cent. Both come with an £895 fee.
The lender has cut rates on select residential products between 85 and 95 per cent LTV by as much as 0.27 percentage points.
Its two-year fixed rate fee-saver at 85 per cent LTV will now have a rate of 1.89 per cent, down from 2.16 per cent, whilst its equivalent five-year fixed rate has fallen by 0.14 percentage points to 2.29 per cent.
MIts five-year fixed rate at 90 per cent LTV has been reduced from 2.78 per cent to 2.62 per cent and comes with a £995 fee, while its two-year fixed rate fee-saver at 95 per cent LTV has fallen by 0.16 per cent to 3.12 per cent.
In Virgin’s core buy-to-let range select products have fallen by 0.3 percentage points, with its two-year fixed rate moving from 1.53 per cent to 1.35 per cent. It comes with a product fee of £1,995.
The lender also confirmed rates for select exclusive purchase deals with £1,000 cashback would be cut, with its two-year fixed rate at 95 per cent LTV standing at 1.63 per cent, down from 1.83 per cent, whilst its equivalent five-year fixed rate has decreased by 0.14 percentage points to 2.11 per cent. Both come with a £1,495 fee.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
