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 REDUCING SELECTED FIXED RATES
We wanted to let you know that we’re making some changes to selected Virgin Money products. At 8pm on Tuesday 17 October, the following products will be withdrawn.
Purchase Exclusives with £495 fee and £1,000 cashback
- 90% LTV 2 Year Fixed Rate at 6.32%.
- 85% LTV 5 Year Fixed Rate at 5.39%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
On Wednesday 18 October, we’re making selected reductions across our range.
Purchase Exclusives with £1,295 fee
- 65% LTV 2 Year Fixed Rate will be reduced by 0.14%, at 5.20%.
- 75% LTV 2 Year Fixed Rate will be reduced by 0.19%, at 5.26%.
- 85% LTV 2 Year Fixed Rate will be reduced by 0.05%, at 5.62%.
- 65% LTV 5 Year Fixed Rate will be reduced by 0.11%, at 4.71%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.01%, at 4.81%.
- 85% LTV 5 Year Fixed Rate will be reduced by 0.07%, at 5.02%.
- 90% LTV 5 Year Fixed Rate will be reduced by 0.01%, at 5.21%.
Purchase Exclusive fee-savers
- 65% LTV 2 Year Fixed Rate will be reduced by 0.02%, at 5.56%.
- 75% LTV 2 Year Fixed Rate will be reduced by 0.16%, at 5.58%.
- 85% LTV 2 Year Fixed Rate will be reduced by 0.01%, at 5.90%.
- 90% LTV 2 Year Fixed Rate will be reduced by 0.11%, at 5.90%.
- 65% LTV 5 Year Fixed Rate will be reduced by 0.17%, at 4.87%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.14%, at 4.95%.
- 85% LTV 5 Year Fixed Rate will be reduced by 0.03%, at 5.20%.
- 90% LTV 5 Year Fixed Rate will be reduced by 0.08%, at 5.32%.
- Purchase Exclusive £1m+ fixed rates will be reduced by up to 0.16%.
Remortgage Exclusives with £995 fee and £250 cashback
- 60% LTV 2 Year Fixed Rate will be reduced by 0.14%, at 5.26%.
- 70% LTV 2 Year Fixed Rate will be reduced by 0.16%, at 5.33%.
- 60% LTV 5 Year Fixed Rate will be reduced by 0.10%, at 4.85%.
- 70% LTV 5 Year Fixed Rate will be reduced by 0.08%, at 4.90%.
Remortgage Exclusive fee-savers with £250 cashback
- 60% LTV 2 Year Fixed Rate will be reduced by 0.05%, at 5.94%.
- 60% LTV 5 Year Fixed Rate will be reduced by 0.15%, at 5.15%.
BTL Remortgage & Purchase Exclusives with £2,195 fee
- 75% LTV 2 Year Fixed Rate will be reduced by 0.09%, at 5.51%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.02%, at 5.31%.
- Exclusive BTL Portfolio fixed rates with £2,195 fee will be reduced by up to 0.09%.
Product Transfer
- Selected product transfer fixed rates will be reduced by up to 0.26%, with rates starting from 4.89%.
You can find our current rates in our Mortgage Update. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.