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 MORE OWN NEW RATE REDUCER PRODUCTS AND MAKING SELECTED WITHDRAWALS
We wanted to let you know that we’re launching the following products on Friday 15 March.
Exclusive Purchase – Own New Rate Reducer with £495 fee and 5% Incentive
- NEW 85% LTV 2 Year Fixed Rate with £250 cashback at 2.40%.
- NEW 90% LTV 2 Year Fixed Rate with £250 cashback at 2.76%.
- NEW 85% LTV 5 Year Fixed Rate with £250 cashback at 3.62%.
Exclusive Purchase – Own New Rate Reducer with £995 fee and 3% Incentive
- NEW 60% LTV 2 Year Fixed Rate with £250 cashback at 2.52%.
- NEW 75% LTV 2 Year Fixed Rate with £250 cashback at 3.09%.
- NEW 85% LTV 2 Year Fixed Rate with £250 cashback at 3.41%.
- NEW 90% LTV 2 Year Fixed Rate with £250 cashback at 3.71%.
- NEW 60% LTV 5 Year Fixed Rate with £250 cashback at 3.54%.
- NEW 75% LTV 5 Year Fixed Rate with £250 cashback at 3.83%.
- NEW 85% LTV 5 Year Fixed Rate with £250 cashback at 4.02%.
- NEW 90% LTV 5 Year Fixed Rate with £250 cashback at 4.16%.
These products are for accredited brokers on applicable new-build properties. You can find out more about accreditation at Own New’s Broker Hub.
Exclusive BTL Purchase & Remortgage – Fix and Switch fee-saver with 2 year ERC
- NEW 60% LTV 5 Year Fixed Rate at 5.39%.
- NEW 75% LTV 5 Year Fixed Rate at 5.49%.
Exclusive BTL Purchase & Remortgage – Fix and Switch with £1,495 fee and 2 year ERC
- NEW 60% LTV 5 Year Fixed Rate at 4.89%.
- NEW 75% LTV 5 Year Fixed Rate at 5.04%.
We’ll also be making these changes at 8pm on Thursday 14 March:
- 90% LTV Purchase Exclusive Fix and Switch with £1,495 fee will be increased by 0.06%, to 5.14%.
- 90% & 95% LTV Purchase Exclusive Fix and Switch fee-savers will be increased by up to 0.05%, with rates starting from 5.42%.
- 70% LTV Remortgage Exclusive 5 year fixed rates will be increased by up to 0.08%, with rates starting from 4.54%.
- Selected 95% LTV Purchase fixed rate fee-savers will be increased by up to 0.10%, with rates starting from 5.19%.
We’ll also be withdrawing the following products at 8pm on Thursday 14 March:
- 50% BTL Exclusive 2 Year Fixed Rate with £2,195 fee at 4.76%.
- 60% BTL Exclusive 2 Year Fixed Rate with £2,195 fee at 4.81%.
- 75% BTL Exclusive 2 Year Fixed Rate with £2,195 fee at 4.91%.
- 50% BTL Exclusive 5 Year Fixed Rate with £2,195 fee at 4.45%.
- 50% BTL Portfolio Exclusive 2 Year Fixed Rate with £2,195 fee at 4.96%.
- 60% BTL Portfolio Exclusive 2 Year Fixed Rate with £2,195 fee at 5.01%.
- 75% BTL Portfolio Exclusive 2 Year Fixed Rate with £2,195 fee at 5.11%.
- 50% BTL Portfolio Exclusive 5 Year Fixed Rate with £2,195 fee at 4.65%.
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.