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 EXCLUSIVE AND FIXED RATE REDUCTIONS
We wanted to let you know that we’re making some changes to selected Virgin Money products on Wednesday 6 December.
Remortgage Exclusive with free valuation and free legals
- NEW 70% LTV 3 Year Fixed Rate with £995 fee at 4.78%.
Remortgage Exclusives with free valuation and free legals
- 60% LTV 2 Year Fixed Rate with £995 fee will be reduced by 0.21%, at 4.91%.
- 70% LTV 2 Year Fixed Rate with £995 fee will be reduced by 0.19%, at 4.98%.
- 70% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.02%, at 4.78%.
- 60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.15%, at 4.79%.
- 70% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.10%, at 4.89%.
Purchase Exclusives with £1,295 fee
- 85% LTV 2 Year Fixed Rate will be reduced by 0.14%, at 5.09%.
- 90% LTV 2 Year Fixed Rate will be reduced by 0.09%, at 5.24%.
- 65% LTV 5 Year Fixed Rate will be reduced by 0.06%, at 4.36%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.01%, at 4.51%.
- 85% LTV 5 Year Fixed Rate will be reduced by 0.02%, at 4.67%.
- 90% LTV 5 Year Fixed Rate will be reduced by 0.05%, at 4.80%.
Purchase Exclusive fee-savers
- 85% LTV 2 Year Fixed Rate will be reduced by 0.10%, at 5.41%.
- 90% LTV 2 Year Fixed Rate will be reduced by 0.08%, at 5.53%.
- 65% LTV 5 Year Fixed Rate will be reduced by 0.02%, at 4.52%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.02%, at 4.62%.
- 90% LTV 5 Year Fixed Rate will be reduced by 0.03%, at 4.91%.
Further selected reductions
- 10 Year Purchase and Remortgage fixed rates will be reduced by up to 0.29%, with rates starting from 4.89%.
- Greener Purchase fixed rates will be reduced by 0.05%, with rates starting from 4.87%.
- Product Transfer residential fixed rates will be reduced by up to 0.36%, with rates starting from 4.69%.
- Product Transfer BTL fixed rates will be reduced by 0.20%, with rates starting from 5.03%.
We’ll also be withdrawing the following products at 8pm on Tuesday 5 December:
- 65% LTV 2 Year Purchase Exclusive Fixed Rate with £1,295 fee at 4.97%.
- 75% LTV 2 Year Purchase Exclusive Fixed Rate with £1,295 fee at 5.07%.
- 65% LTV 2 Year Purchase Exclusive Fixed Rate fee-saver at 5.33%.
- 75% LTV 2 Year Purchase Exclusive Fixed Rate fee-saver at 5.43%.
- All 3 Year Core new business fixed rates.
- All BTL Core new business fixed rates with £1,995 fee.
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.