The new products will be available from 6 September and come with a free valuation, including exclusive purchase Fix and Switch deals with two-year early repayment charges (ERCs), with pricing starting from 4.93%.
This includes a five-year fixed rate with a £1,495 fee at 90% loan to value (LTV) at 5.19%, and its fee-free deal is priced at 5.44%.
The range also has a fee-saver five-year fixed rate at 80% LTV at 4.93%, and at 95% LTV, the fee-free deal is 5.73%.
Virgin Money is adding exclusive remortgage Fix and Switch fee-savers with two-year ERCs, with a five-year fixed rate at 75% LTV at 4.85%. At 85% LTV, it is 5.39%.
The lender is releasing exclusive BTL Fix and Switch products with a £495 fee and two-year ERCs. Examples include a five-year fixed rate at 60% LTV at 4.85% and 4.99% at 75% LTV.
New products also include exclusive BTL Fix and Switch fee-saver with two-year ERCs. This covers a five-year fixed rate at 60% LTV at 5.12%, and it is 5.22% at 75% LTV.
Virgin Money is also adding five-year exclusive BTL portfolio Fix and Switch products with a £495 fee and two-year ERCs. At 60% LTV, the rate is 5.05%, and at 75% LTV, the price is 5.19%.
The fee-free versions are priced at 5.32% at 60% LTV and 5.42% at 75% LTV.
These products are available with a free valuation for purchase customers. Remortgage customers will receive a free valuation, plus £250 cashback.
Virgin Money is also withdrawing all existing Fix and Switch five-year fixed rates and all 70% LTV exclusive remortgage fixed rates at 8pm today.
Brokers should send applications for the withdrawn products by 8pm today.
