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 products and reducing fixed rates
We wanted to let you know that we’re making the following changes on Wednesday 9 October.
Exclusive BTL
- NEW 60% LTV 2 Year Fixed Rate with £2,195 fee, at 4.19%.
- NEW 75% LTV 2 Year Fixed Rate with £2,195 fee, at 4.39%.
- 60% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.25%, to 3.57%.
- 75% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.24%, to 3.72%.
- 75% LTV 5 Year Fixed Rate with 3% fee will be reduced by 0.05%, to 3.78%.
- 60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.21%, to 4.34%.
- 75% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.06%, to 4.54%.
- Fix and Switch rates with £495 fee will be reduced by up to 0.15%, with rates starting from 4.64%.
- Fix and Switch fee-saver will be reduced by up to 0.04%, with rates starting from 4.90%.
Exclusive Remortgage
- 75% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 4.65%.
- 85% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 5.24%.
Exclusive Purchase
- 90% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 5.24%.
We’ll also be making these changes:
- BTL fixed rates with £995 fee will be reduced by up to 0.20%, starting from 4.19%.
- BTL 75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.02%, to 5.03%.
- 90% LTV Purchase Fixed Rate fee-saver will be reduced by 0.10%, to 5.19%.
- 85% and 90% LTV Remortgage fixed rates will be reduced by up to 0.20%, starting from 4.44%.
- 80%, 85% and 90% LTV Product Transfer rates will be reduced by up to 0.26%, starting from 4.41%.
- Select BTL Product Transfer rates will be reduced by up to 0.15%, starting from 3.89%.
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.