Virgin Money has made a number of changes to its residential and buy-to-let mortgage offering, including rate cuts and product launches.
Changes will apply from tomorrow (21 March).
The lender has launched two buy-to-let purchase and remortgage exclusives at 65 per cent loan to value (LTV) with a £995 fee and £300 cashback. The two-year fix has a rate of 4.9 per cent while the five-year fix has a rate of 4.65 per cent.
Also within its buy-to-let range, Virgin Money has lowered a two-year fix at 60 per cent LTV with a £995 fee. The product has seen a 0.15 per cent cut to 4.82 per cent, while a five-year fixed equivalent has dropped by 0.06 per cent to 4.6 per cent.
Select fixed rate products for portfolio landlords at 60 per cent LTV will be cut by up to 0.15 per cent.
It has also introduced fee-saver buy-to-let products at 75 per cent LTV, with rates beginning at 4.88 per cent.
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Across its exclusive residential mortgages, the fee-saver five-year fix at 95 per cent LTV will be reduced from 5.04 per cent to 5.02 per cent. Other fixed rates will be lowered by up to 0.1 per cent.
Select exclusive product transfer rates will be reduced by up to 0.41 per cent.
Across its core residential offering, fixed rates at 85 per cent LTV will rise by up to 0.05 per cent.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
