Virgin Money will lower select existing customer rates by up to 0.26 per cent and has brought out a sub-four per cent deal.
The changes come into force from tomorrow.
Its two-year fixed rate at 65 per cent loan to value (LTV) with £995 fee has fallen by 0.16 per cent to 4.37 per cent.
The lender’s two-year fixed rate fee-saver deal has reduced by 0.26 per cent to 4.6 per cent.
Its five-year fixed rate at 65 per cent LTV with £995 fee has decreased by 0.16 per cent to 3.99 per cent.
Virgin Money’s five-year fixed rate fee-saver deal at 65 per cent LTV has gone down by 0.1 per cent to 4.17 per cent.
Its two, three and five-year fixed rates have also been cut by around 0.21 per cent.
Richard Walker, head of intermediary sales at Virgin Money, said: “We don’t believe that our best rates should be saved just for new customers. With five-year fixed rates starting from 3.99 per cent, these changes to our existing customer range improve the options available for those looking for a new rate on their existing loan.”
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.
