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 LAUNCHING NEW BTL EXCLUSIVES AND MAKING SELECTED WITHDRAWALS
We wanted to let you know that we’re launching the following products on Friday 5 April.
Exclusive BTL Purchase & Remortgage deals with 1% fee
- NEW 80% LTV 5 Year Fixed Rate at 4.99%.
- NEW Portfolio 60% LTV 2 Year Fixed Rate at 5.04%.
- NEW Portfolio 75% LTV 2 Year Fixed Rate at 5.14%.
- NEW Portfolio 60% LTV 5 Year Fixed Rate at 4.74%.
- NEW Portfolio 75% LTV 5 Year Fixed Rate at 4.89%.
Exclusive Residential Greener Purchase fee-saver with £500 cashback
- NEW 90% LTV 5 Year Fixed Rate at 4.82%.
This product is available for New Build properties with an energy rating of A or B.
Exclusive Residential Remortgage with £895 fee
- NEW 65% LTV 5 Year Fixed Rate at 4.49%.
- NEW 75% LTV 5 Year Fixed Rate at 4.59%.
The end dates will move to August of the relevant year.
We’ll also be making these changes at 8pm on Thursday 4 April:
- 95% LTV Purchase 5 Year Fixed Rate fee-saver will be increased by 0.03%, to 5.22%.
- 85% and 90% LTV Shared Ownership Purchase 2 and 5 year fixed rates will be reduced by 0.10%, with rates starting from 4.59%.
- 75% LTV BTL Exclusive Fix and Switch with £1,495 fee will be increased by 0.05%, to 5.09%.
- 65%, 75% and 85% Greener New Build fixed rates will be reduced by 0.05%.
- 90% LTV 5 Year Purchase Exclusive fee-saver cashback will be reduced to £300.
- 75% LTV £1m+ Exclusives 2 and 5 year fixed rates will be reduced by up to 0.09%, with rates starting from 4.70%.
We’ll also be withdrawing the following products at 8pm on Thursday 4 April:
- 60% BTL Exclusive 5 year fixed rates with £2,195 fee.
- 60% and 70% LTV Exclusive Remortgage 5 year fixed rates.
- 65% and 75% LTV Shared Ownership 2 and 5 year fixed rates.
- 60% and 75% LTV BTL 10 year fixed rates.
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.