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
WE’RE REDUCING SELECTED FIXED RATES
We wanted to let you know that we’re reducing the following products on Tuesday 9 July.
Exclusive Purchase
- 90% LTV Fix and Switch rates with £1,495 fee will be reduced by 0.05% at 5.29%.
- 90% LTV Own New 5 year fixed rates with £995 fee will be reduced by 0.05%, with rates starting from 3.78%.
- 90% LTV Greener 5 Year Fixed Rate with £995 fee will be reduced by 0.05% at 4.82%.
Exclusive Remortgage
- Selected 5 year fixed rates will be reduced by up to 0.12%, with rates starting from 4.54%.
Exclusive BTL
- Fix and Switch rates will be reduced by up to 0.10%, with rates starting from 5.04%.
- Selected fixed rates with 3% fee will be reduced by up to 0.05%, with rates starting from 3.98%.
- Selected fixed rates with 1% fee will be reduced by up to 0.12%, with rates starting from 4.55%.
- 5 year fixed rates with £2,195 fee will be reduced by 0.05%, with rates starting from 4.52%.
We’ll also be making these changes at 8pm on Monday 8 July:
- 90% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.05%, at 4.84%.
- Selected BTL fixed rates with £995 fee will be reduced by up to 0.22%, with rates starting from 4.74%.
- BTL fixed rate fee-savers will be reduced by up to 0.17%, with rates starting from 4.97%.
- Selected BTL Product Transfer fixed rates will be reduced by up to 0.20%, with rates starting from 4.49%.
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 Product Guide. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.
Retrofit Boost – Up to £15,000 cashback
We’ve just launched our exciting new range of Retrofit Boost mortgages, offering up to £15,000 cashback to homeowners making energy-efficient improvements to their properties.
What is a Retrofit Boost mortgage?
Our Retrofit Boost mortgages are a new range of 5, 7, and 10-year fixed rate mortgages. They provide cashback to help customers when making improvements such as, installing insulation, solar panels, battery storage, or heat pumps to their properties.
Up to £15k cashback
Our range is available for new residential & BTL customers with loan sizes of £150k-£500k and offers a range of fixed-rate options:
- £15,000 cashback for a 10-year term
- £10,000 cashback for a 7-year term
- £3,000 cashback for a 5-year term
Rates are higher than our core range in return for providing cashback, which is paid to the conveyancer at mortgage completion.