Virgin Money has announced an important product update for advisers. Virgin Money products and support with the lender, including same day payment on completion, is all available accessible through our direct to lender mortgage club. Contact us for more information.
ANNOUNCEMENTS
NEW £1M+ REMORTGAGE FIXED RATES AND EXCLUSIVE REDUCTIONS
On Tuesday 21 November, we’re launching the following new products and making selected reductions across our range.
£1m+ Remortgage Exclusives with £1,995 fee
- NEW 75% LTV 2 Year Fixed Rate will be launched at 5.40%.
- NEW 75% LTV 5 Year Fixed Rate will be launched at 4.95%.
Purchase Exclusives with £1,295 fee and £500 cashback
- NEW 65% & 75% LTV 2 year fixed rates will be launched from 4.97%.
- NEW 65% & 75% LTV 5 year fixed rates will be launched from 4.53%
Purchase Exclusive fee-savers with £300 cashback
- NEW 65% & 75% LTV 2 year fixed rates will be launched from 5.33%.
- NEW 65% & 75% LTV 5 year fixed rates will be launched from 4.68%.
Further selected reductions
- Purchase Exclusive fixed rates at 85% & 90% LTV will be reduced by up to 0.12%, starting from 4.81%.
- Purchase Exclusive £1m+ fixed rates will be reduced by up to 0.51%, starting from 4.95%.
- BTL Exclusive fixed rates with a £2,195 fee at 50% & 60% LTV will be reduced by up to 0.09%, starting from 4.73%.
- BTL Exclusive fixed rates with 3% fee at 60% & 75% LTV will be reduced by up to 0.20%, starting from 4.62%.
- Selected product transfer fixed rates will be reduced by up to 0.04%, with rates starting from 4.84%.
- 2, 3 & 5 year core residential fixed rates will be reduced by up to 0.30%.
In addition, at 8pm on Monday 20 November, the following products will be withdrawn.
Remortgage Exclusives – 7 Day Special with £995 fee
- 60% LTV 5 Year Fixed Rate at 4.70%.
- 70% LTV 5 Year Fixed Rate at 4.80%.
Purchase Exclusives – 7 Day Special fee-savers with £500 cashback
- 90% LTV 2 Year Fixed Rate at 5.85%.
- 90% LTV 5 Year Fixed Rate at 5.16%.
Purchase Exclusives with free valuation
- 65% & 75% LTV 2 year fixed rates, starting from 4.97%.
- 65% & 75% LTV 5 year fixed rates, starting from 4.58%.
We will also be withdrawing 2, 3 & 5 year core residential 80% LTV fixed rates.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
You can find our current rates in our Mortgage Update. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.