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 RESIDENTIAL FIXED RATES
We wanted to let you know that we’re reducing the rates on the following products on Wednesday 30 November.
Remortgage Exclusives
- 65% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.10% to 4.83%
- 75% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.10% to 4.88%
Core
- 65% LTV 5 Year Fixed Rate with no fee will be reduced by 0.10% to 4.89%
- Selected 2, 3 and 5 year fixed rates will be reduced by up to 0.31%
WE’RE MAKING CHANGES TO OUR RATES
Following the decision by the Monetary Policy Committee on 3 November 2022 to increase the Bank of England Base Rate to 3.00%, we’re making some changes. On 2 December 2022, we will increase our Standard Variable Rate to 7.24% and our Buy to Let Variable Rate to 7.44%.
What happens with existing customers
Customers affected by the changes to our Standard Variable Rate or Buy to Let Variable Rate will be contacted to let them know their rate and monthly repayment will change on 1 January 2023.