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
Selected fixed rate reductions
We wanted to let you know that we’re reducing the following fixed rate products on Thursday 19 September.
Purchase
- 95% LTV fee-savers, now with free valuation and £300 cashback, will be reduced by up to 0.11%, starting from 5.03%.
- Selected Fix and Switch rates will be reduced by up to 0.11%, starting from 4.93%.
- Exclusive 80% LTV rates will be reduced by up to 0.16%, starting from 4.12%.
- Selected Core 2, 3 & 5 year rates will be reduced by up to 0.11%, starting from 3.94%.
- Selected Shared Ownership rates will be reduced by up to 0.20%, starting from 4.12%.
- Selected Own New rates will be reduced by up to 0.10%, starting from 0.35%.
- 5 Year Retrofit Boost rates will be reduced by 0.05%, starting from 4.24%.
- £1m+ rates will be reduced by up to 0.10%, starting from 4.09%.
Remortgage
- Exclusive 80% LTV rates will be reduced by up to 0.10%, starting from 4.43%.
- 5 Year Retrofit Boost rates will be reduced by 0.05%, starting from 4.24%.
BTL
- Fix and Switch rates will be reduced by up to 0.18%, starting from 4.74%.
- 5 year rates with 3% fee will be reduced by 0.05%, starting from 3.80%.
- Selected 60% & 75% LTV rates with 1% fee will be reduced by up to 0.17%, to 4.17%.
- Rates with £2,195 fee will be reduced by up to 0.10%, starting from 4.02%.
- Selected 60% & 75% LTV rates with £995 fee will be reduced by up to 0.13%, starting from 4.27%.
- Fee-savers will be reduced by up to 0.08%, with rates starting from 4.50%.
- 75% LTV 5 Year Retrofit Boost rate will be reduced by 0.05%, to 4.60%.
Product Transfer
- Selected 65% & 75% Product Transfer rates will be reduced by up to 0.06%, starting from 3.85%.
- Select BTL Product Transfer rates will be reduced by up to 0.13%, starting from 3.99%.
We’ll also be increasing the following rates at 8pm on Wednesday 18 September:
- 80% LTV BTL 5 Year Fixed Rate with £995 fee will be increased by 0.20%, to 5.27%.
- 80% LTV BTL 5 Year Fixed Rate with 1% fee will be increased by 0.20%, to 5.20%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
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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. |