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 EXCLUSIVES AND FIXED RATE REDUCTIONS
We wanted to let you know that we’re making some changes to selected Virgin Money products.
On Wednesday 29 November, the following products will be launched.
Remortgage Exclusives with free valuation and free legals
- NEW 60% LTV 2 Year Fixed Rate with £995 fee at 5.12%.
- NEW 70% LTV 2 Year Fixed Rate with £995 fee at 5.17%.
- NEW 60% LTV 5 Year Fixed Rate with £995 fee at 4.70%.
- NEW 70% LTV 5 Year Fixed Rate with £995 fee at 4.80%.
- NEW 60% LTV 5 Year Fixed Rate fee-saver at 4.80%.
- NEW 70% LTV 5 Year Fixed Rate fee-saver at 4.98%.
Purchase Exclusives with £500 cashback
- NEW 85% LTV 2 Year Fixed Rate with £1,295 fee at 5.23%.
- NEW 85% LTV 5 Year Fixed Rate with £1,295 fee at 4.69%.
Purchase Exclusives with £300 cashback
- NEW 85% LTV 2 Year Fixed Rate fee-saver at 5.51%.
- NEW 85% LTV 5 Year Fixed Rate fee-saver at 4.83%.
Product Transfer only fixed rates with £1,495 fee
- NEW 65% LTV 2 Year Fixed Rate at 4.84%.
- NEW 75% LTV 2 Year Fixed Rate at 4.94%.
- NEW 65% LTV 5 Year Fixed Rate at 4.74%.
- NEW 75% LTV 5 Year Fixed Rate at 4.84%.
Further selected reductions
- Purchase Exclusives will be reduced by up to 0.18%, with rates starting from 4.42%.
- BTL Exclusives will be reduced by up to 0.28%, with rates starting from 4.62%.
- Product Transfer residential fixed rates will be reduced by up to 0.16%, with rates starting from 4.79%.
- Product Transfer BTL fixed rates will be reduced by up to 0.20%, with rates starting from 5.23%.
In addition, at 8pm on Tuesday 28 November, the following products will be withdrawn.
Purchase Exclusives with free valuation
- 85% LTV 2 Year Fixed Rate with £1,295 fee at 5.30%.
- 85% LTV 5 Year Fixed Rate with £1,295 fee at 4.81%.
- 85% LTV 2 Year Fixed Rate fee-saver at 5.66%.
- 85% LTV 5 Year Fixed Rate fee-saver at 4.97%.
Remortgage Exclusives with £995 fee, free valuation and £250 cashback
- 60% LTV 2 Year Fixed Rate at 5.12%.
- 70% LTV 2 Year Fixed Rate at 5.17%.
- 60% LTV 5 Year Fixed Rate at 4.77%.
- 70% LTV 5 Year Fixed Rate at 4.87%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
We’ve extended our Green Reward offer
We’ve got great news about Green Reward; our sustainability initiative that rewards existing customers with £250 cashback for making green home improvements.
We’ve extended our deadline dates giving more customers the chance to register and claim. If one of your clients has already registered, they can also take advantage of the extended deadlines.
Green Reward is open to residential and BTL customers taking additional borrowing, or a product transfer with additional borrowing, and who then spend at least £2,500 on eligible green home improvements. This includes changes to the property that increase energy efficiency or reduce the carbon footprint. See the full terms for Green Reward.
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.