Virgin Money has released a range of high loan to value (LTV) five-year fixed rate products with £1,000 cashback.
This includes a five-year fixed rate at 85 per cent LTV at 1.99 per cent, and a 90 per cent LTV product priced at 2.38 per cent. Both come with a £995 fee.
The lender has also brought out a five-year fixed rate green shared ownership product with a rate of 2.4 per cent. It is subject to a £995 fee.
It has cut some of its higher LTV rates in its core range, including its two-year and five-year fixed rate fee-saver product at 95 per cent LTV now standing at 2.98 per cent and 3.03 per cent respectively.
Virgin Money has also decreased the rates for selected 85 to 90 per cent LTV products by up to 0.32 per cent.
This includes a two-year fixed rate at 85 per cent LTV which has gone from 1.89 per cent to 1.78 per cent. At the 90 per cent LTV tier, the rate has fallen from 2.04 per cent to 1.82 per cent.
The lender has also cut selected buy-to-let fixed rates by up to 0.14 per cent. An example of this is a five-year fix at 75 per cent LTV where the rate has gone from 1.93 per cent to 1.82 per cent.
In its shared ownership range, five-year fixed rates will start from 2.1 per cent, and products at 95 per cent LTV in this range will be reduced by 0.11 per cent.
Its two-year fixed rate at 95 per cent LTV has decreased from 3.79 per cent to 3.68 per cent, and its five-year fixed rate at the same LTV has been reduced from 3.99 per cent to 3.88 per cent.
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.