Virgin Money launches exclusives; TSB reintroduces products – round-up

The products include exclusive remortgage deals with £500 cashback. This includes a five-year fixed rate with a £995 fee at 65 per cent loan to value at 4.93 per cent.

The rate rises to 4.98 per cent at 75 per cent LTV and 5.14 per cent at 85 per cent LTV.

Virgin Money added that it has reduced its two-year fixed rate at 75 per cent LTV by 0.16 per cent to 5.19 per cent and its two-year fixed rate at 85 per cent LTV had fallen by 0.31 per cent to 5.39 per cent. Both come with a £995 fee.

The lender has also launched a range of exclusive buy-to-let remortgage deals, both two and five-year fixed rate iterations between 50 and 60 per cent LTV.

Its two-year fixed rate at 50 per cent LTV is 5.09 per cent and 60 per cent LTV the rate is 5.19 per cent.

Its five-year fixed rate at 50 per cent LTV is 4.99 per cent and at 60 per cent LTV the rate is 5.09 per cent.

All buy-to-let remortgage deals cited above come with a £3,995 fee.

Virgin Money has also introduced its freedom to fix tracker products, which allow customers to switch to fixed rate deals at any time without an early repayment charge, starting from 3.6 per cent. They come with a £995 fee.

In its core range, the lender said two and five-year fixed rates at 65 per cent LTV have been cut by up to 0.54 per cent, and two and three-year fixed rates with a £995 fee at 85 per cent LTV have fallen by 0.11 per cent to 5.73 per cent.

The lender said that its exclusive range could be withdrawn at any time without notice.

TSB adds products and cuts rates

The lender has reintroduced two and five-year fixed rate house purchase and remortgage products up to 85 per cent loan to value (LTV) with a £995 fee.

Two-year fixed rates start from 5.59 per cent, whilst the five-year fixed rates begin from 5.29 per cent.

The firm has also introduced two-year tracker house purchase and remortgage products.

Two-year trackers are priced from 4.54 per cent, which is 1.54 per cent plus the base rate.

On the product transfer side, TSB has reduced rates for residential two and five-year fixed rates up to 85 per cent LTV with £995 fee by up to 0.7 per cent.

Two-year fixed rates begin from 5.59 per cent and five-year fixed rates start from 5.29 per cent.

The lender has also cut rates for its buy-to-let five-year fixed rates up to 60 per cent LTV with a £995 fee by up to 0.05 per cent.

Five-year fixed rates start from 5.89 per cent.