The lender has brought out remortgage exclusives with one per cent fee, free valuation and free legals. This includes a two-year fixed rate at 60 per cent loan to value (LTV) at 5.09 per cent and at 70 per cent LTV the rate goes up to 5.15 per cent.
The company has also launched remortgage exclusives with free valuation and £250 cashback. This includes a two-year fixed rate with £995 fee at 60 and 70 per cent LTV at 5.26 per cent and 5.32 per cent respectively.
The range also includes a five-year fixed rate at 60 and 70 per cent LTV with £995 fee at 4.85 and 4.90 per cent.
Virgin Money has added purchases exclusives with free valuations. There is a two-year fixed rate with £1,295 fee at 85 per cent LTV priced at 5.46 per cent with its five-year fixed rate equivalent coming to 4.96 per cent.
In this range, the lender has brought out a two-year fixed rate fee-saver at 65 per cent LTV at 5.47 per cent and at 75 per cent LTV it goes up to 5.52 per cent.
There is also a two-year fixed rate fee-saver at 85 per cent LTV at 5.88 per cent and its five-year fixed rate equivalent is 5.12 per cent.
The lender is also lowering 90 per cent LTV purchase exclusives by up to 0.1 per cent, with rates starting from 5.11 per cent.
Buy-to-let portfolio remortgage and purchase exclusives with three per cent fee will fall by 0.05 per cent with pricing beginning from 4.97 per cent.
Selected product transfer fixed rates will be reduced by up to 0.15 per cent, with rates starting from 4.89 per cent.
Selected core purchase and remortgage fixed rates will fall by up to 0.15 per cent, with rates beginning from 4.92 per cent.
Selected purchase and remortgage freedom to fix rates will be increased by 0.05 per cent, with rates starting from 5.60 per cent.
Richard Walker, head of intermediary sales at Virgin Money said: “We have reintroduced our intermediary exclusive products and made a number of reductions across our residential and buy-to-let range, supporting all segments of the market.
“These exclusives consist of both purchase and remortgage products including a new range of remortgage two-year fixed rates with a one per cent fee offering a lower monthly payment.”
Coventry BS lowers fixed rates
Coventry Building Society has reduced selected fixed rate residential and buy-to-let deals by up to 0.23 per cent, covering two, three and five-year fixed rates between 65 and 95 per cent LTV.
Highlights include its residential remortgage five-year fixed rate at 65 per cent LTV with £999 fee going down to 4.92 per cent. This includes £350 cashback or remortgage transfer service.
Its buy-to-let five-year fixed rate mortgage at 65 per cent LTV with a £1,999 product fee is falling to 5.14 per cent. It comes with the choice of £350 cashback or remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “There’s £60.1bn worth of mortgages set to mature before the end of the year – that means a lot of people will be on the lookout for a new deal over the coming months.
“We want to support our intermediary partners with competitive rates and standout service to make the process of sourcing and securing a new deal as straightforward as possible.”
