Virgin Money Update

NEW GREENER SHARED OWNERSHIP MORTGAGE AT 90% LTV

Great news, we’re making our Greener Shared Ownership mortgages available up to 90% LTV and launching new Exclusive BTL deals at 65% LTV on Thursday 9 September.

Residential Exclusive

• Selected purchase deals with £1,000 cashback will be reduced by up to 0.23%.
• Selected remortgage deals will be reduced by up to 0.10%.

Exclusive BTL

• NEW 65% LTV 2 Year Fixed Rate with £895 fee available at 1.46%.
• NEW 65% LTV 5 Year Fixed Rate with £895 fee available at 1.67%.

Core

Greener Shared Ownership:

·     NEW 90% LTV 2 Year Fixed Rate with £995 fee available at 2.24%.

Selected 95% LTV fixed rates will be reduced by up to 0.16%:

·     Our 95% LTV 2 Year Fixed Rate fee-saver will be available at 3.12%.

Selected 90% LTV fixed rates will be reduced by up to 0.18%:

·     Our 90% LTV 5 Year Fixed Rate with £995 fee will be available at 2.62%.

Selected 85% LTV fixed rates will be reduced by up to 0.27%:

• Our 85% LTV 2 Year Fixed Rate fee-saver will be available at 1.89%.
• Our 85% LTV 5 Year Fixed Rate fee-saver will be available at 2.29%.

Core BTL

Selected reductions of up to 0.30%:

·     Our 75% LTV 2 Year Fixed Rate with £1,995 fee will be available at 1.35%.

Product Transfer

• Selected 65-95% LTV fixed rates will be reduced by up to 0.27%.
• Selected BTL fixed rates will be reduced by up to 0.18%.
• Shared Ownership 90% LTV 2 Year Fixed Rate with £995 fee will be reduced to 2.34%.

To confirm what we said on Tuesday, we’ll also be making these changes:

• All Exclusive BTL purchase deals with £1,000 cashback will be withdrawn.
• All BTL 65% LTV fixed rates will revert to 60% LTV.

The end dates will move to 1 February of the relevant year.

You can find our current rates in our Mortgage Update