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Virgin Money adds exclusive sub-five per cent range; Platform to reprice deals – round-up

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  • 20/09/2023
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Virgin Money adds exclusive sub-five per cent range; Platform to reprice deals – round-up
Virgin Money has brought out new exclusive products for both purchase and buy-to-let and lowered select rates.

The lender’s purchase exclusive fixed rates with £1,295 fee have been cut by 0.22 per cent, beginning from 4.97 per cent.

The firm has added eight purchase exclusive fee-savers with free valuation, split between two and five-year fixed rates.

The deals range from 65 to 90 per cent LTV, with pricing beginning from 5.84 per cent at 65 per cent LTV for a two-year fixed rate and 5.15 per cent at the same LTV for a five-year fixed rate.

Virgin Money has also brought out a buy-to-let exclusive with three per cent fee, with a duo of deals at 60 and 60 and 75 per cent LTV on both two and five-year fixed rate terms.

At 60 per cent LTV, its two-year fixed rate comes to 4.87 per cent and its five-year fixed rate is priced at 4.97 per cent.

Within the 75 per cent LTC tier, its two-year fixed rate is 4.97 per cent and its five-year fixed rate is 5.27 per cent.

The lender will also be lowering remortgage exclusive fixed rates by up to 0.21 per cent and selected product transfer rates by up to 0.37 per cent.

Buy-to-let remortgage exclusive fixed rates with £2,195 fee, will be available to purchase customers, starting from 5.2 per cent.

 

Platform to reprice product switch range

Platform will relaunch its mainstream and buy-to-let rates for product switching from today, with new business mainstream, professional mortgage, buy-to-let and Help to Buy mortgage products withdrawn.

Within its product switch range, mainstream three-year fixed rates will rise by up to 0.06 per cent and buy-to-let products will rise by around 0.1 per cent.

The lender has also withdrawn two-year trackers in its mainstream product switch range.

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