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 PORTFOLIO EXCLUSIVES AND INCREASING SELECTED RATES
We wanted to let you know that we’re launching the following products on Wednesday 17 April.
Exclusive BTL Portfolio – Fix & Switch fee-saver with two year ERC
- NEW 60% LTV 5 Year Fixed Rate at 5.59%.
- NEW 75% LTV 5 Year Fixed Rate at 5.69%.
Exclusive BTL Portfolio – Fix & Switch with £1,495 fee and two year ERC
- NEW 60% LTV 5 Year Fixed Rate at 5.14%.
- NEW 75% LTV 5 Year Fixed Rate at 5.29%.
Exclusive Residential Remortgage fee-saver with free valuation and legals
- NEW 75% LTV 5 Year Fixed Rate at 4.69%.
We’ll also be making these changes at 8pm on Tuesday 16 April:
- Fix & Switch Purchase rates will be increased by up to 0.10%, starting from 5.18%.
- Fix & Switch Remortgage rates will be increased by 0.05%, starting from 4.94%.
- BTL 60% LTV Fix & Switch with £1,495 fee will be increased by 0.05% to 4.94%.
- 2 Year Purchase fixed rates with a £995 fee up to 85% LTV will be increased by up to 0.15%.
- BTL 2 & 5 Year fixed rates with 1% fee will be reduced by up to 0.07%, starting from 4.52%.
- 60% LTV BTL 5 Year Fixed Rate with 3% fee will be reduced by 0.08% to 4.09%.
- 75% LTV Exclusive Remortgage 5 Year Fixed Rate with £895 fee will be reduced by 0.05% to 4.54%.
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.