Virgin Money has cut its exclusive purchase and remortgage deals and also lowered products transfer deals by up to 0.18 per cent.
The changes come into force from today.
The lender has cut exclusive purchase deals with free valuation between 65 and 90 per cent loan to value (LTV).
This includes its five-year fixed rate at 65 per cent LTV with £1,495 fee which has gone down by 0.11 per cent to 4.17 per cent.
Virgin Money has reduced exclusive purchase deals with £1,000 cashback and free valuation by around 0.12 per cent, with its five-year fixed rate at 85 per cent LTV now standing at 4.55 per cent. It comes with a £995 fee.
Two-year fixed rates between 65 and 90 per cent LTV have also been reduced by up to 0.18 per cent.
Its two-year fixed at 90 per cent LTV with £995 fee has been reduced from 5.29 per cent o 5.11 per cent.
Its fee-saver equivalent has fallen 0.13 per cent to 5.41 per cent.
Product transfer reductions
On the product transfer side, its two-year fixed rate at 90 per cent LTV with £995 fee has been lowered by 0.18 per cent to 5.06 per cent.
Two and three-year fee-saver fixed rates between 65 and 90 per cent LTV in this range have been reduced by 0.13 per cent.
The lender has cut 10 and 15-year fixed rate fee-saver deals at 65 per cent LTV by 0.1 per cent to 4.19 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.
