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Virgin adds two retrofit deals; TSB ups select rates – round-up

Virgin adds two retrofit deals; TSB ups select rates – round-up
Shekina Tuahene
Written By:
Posted:
December 3, 2024
Updated:
December 3, 2024

Virgin Money has added a pair of products to its Retrofit Boost range, which includes £7,000 cashback.

Available from 3 December, Virgin Money has added a five-year fix at 75% loan to value (LTV) and a rate of 5.03%. 

At 85% LTV, the corresponding product is priced at 5.33%. 

Both products have no fee and are available for purchase and remortgage. 

Virgin Money has also removed the minimum loan size for buy-to-let (BTL) portfolio cases. 

The bank launched its Retrofit Boost range earlier this year, with cashback of up to £15,000 available. This was in partnership with Hive and to encourage homeowners to improve the energy efficiency of their homes through renovations. 

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TSB increases select rates 

TSB has raised the rate of two- and five-year fixed mortgages for first-time buyers and homemovers by 0.1% across options at 90-95% LTV. 

The two-year fixed deal now has a rate of 5.84%, while the five-year fix is priced at 5.49%. 

TSB has also withdrawn three-year fixes for first-time buyers and homemovers borrowing at 90-95% LTV. 

These changes apply from 3 December.