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 SIMPLIFYING OUR PRODUCT TRANSFER RANGE AND REDUCING SELECTED FIXED RATES
We wanted to let you know that we’re making some changes to the following products at 8pm on Monday 1 July.
Exclusive Purchase – Fix and Switch fee-saver deals with 2 year ERC
- 85% LTV 5 Year Fix and Switch will be reduced by 0.10%, at 5.44%.
- 90% LTV 5 Year Fix and Switch will be reduced by 0.10%, at 5.59%.
- 95% LTV 5 Year Fix and Switch will be reduced by 0.05%, at 5.94%.
Exclusive Purchase
- 75% LTV 5 Year Fixed Rate with £895 fee will be reduced by 0.06% to 4.50%.
- 80% LTV 5 Year Fixed Rate with £895 fee will be reduced by 0.09% to 4.55%.
- 80% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.07% to 4.73%.
- 90% LTV 5 Year Greener & Professional fee-saver fixed rates will be reduced by 0.04% to 4.95%.
- Selected Own New fixed rates will be reduced by up to 0.10%, starting from 1.09%.
Core
- Selected purchase fixed rates with £995 fee will be reduced by up to 0.10%, starting from 4.59%.
- Selected purchase fixed rate fee-savers will be reduced by up to 0.10%, starting from 4.79%.
- 85% LTV 2 Year Shared Ownership Fixed Rate fee-saver will be reduced by 0.10% to 5.29%.
Product Transfer
- Selected BTL Product Transfer fixed rates will be reduced by up to 0.15%, starting from 4.51%.
- NEW Help To Buy fee, LTV and term options available, equivalent to core fixed range.
- Shared Ownership customers can now select from our standard Product Transfer range.
We’ll also withdraw the following products at 8pm on Monday 1 July:
- Product Transfer 65% & 95% LTV 10 year fixed rate fee-savers.
- Shared Ownership Product Transfer fixed rates.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.