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 wanted to let you know that we’re making the following changes on Tuesday 3 February.
Purchase
- NEW 80% LTV 2 Year Fixed Rate with £995 fee will be launched at 3.87%.
- NEW 80% LTV 2 Year Fixed Rate fee-saver will be launched at 4.06%.
- NEW 80% LTV 5 Year Fixed Rate with £995 fee will be launched at 4.14%.
- NEW 80% LTV 5 Year Fixed Rate fee-saver will be launched at 4.22%.
- 2 year fixed rates with £999 fee will be increased by up to 0.10%, starting from 3.85%.
- 2 year fixed rate fee-savers will be increased by up to 0.08%, starting from 4.04%.
- 5 year fixed rates with £999 fee will be increased by up to 0.15%, starting from 3.96%.
- 5 year fixed rate fee-savers will be increased by up to 0.15%, starting from 4.07%.
- Shared Ownership fixed rates will be increased by up to 0.15%, starting from 3.85%.
Remortgage
- Selected 2 year fixed rates with £999 fee will be increased by up to 0.10%, starting from 3.84%.
- Selected 2 year fixed rate fee-savers will be increased by up to 0.11%, starting from 4.18%.
- Selected 5 year fixed rates with £999 fee will be increased by up to 0.12%, starting from 3.94%.
- Selected 5 year fixed rate fee-savers will be increased by up to 0.14%, starting from 4.10%.
Product Transfer
- Selected 2 & 5 year fixed rates with £1,999 fee will be increased by up to 0.05%, starting from 3.58%.
- Selected 2 & 5 year fixed rates with £999 fee will be increased by up to 0.05%, starting from 3.68%.
We’ll also be withdrawing the following products at 8pm today:
Exclusive Purchase
- 75% LTV 2 & 5 year fixed rates with £895 fee will be withdrawn.
- 75% LTV 2 & 5 year fixed rate fee-savers will be withdrawn.
- 80% LTV 2 & 5 year fixed rates with £895 fee will be withdrawn.
- 80% LTV 2 & 5 year fixed rate fee-savers will be withdrawn.
- 90% LTV 2 & 5 year fixed rate fee-savers will be withdrawn.
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.