Virgin Money has announced an importan product update for advisers. For full details see their latest product update here but do take care to note the date of the update. 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.
Reducing rates, relaunching 65% LTV 5 Year exclusives
Tomorrow, 22 September, we will relaunch our 65% LTV 5 Year fixed rate remortgage exclusives and reduce rates on selected products.
Summary of changes
- NEW 65% LTV 5 year fixed rates with £995 fee and fee-saver options, with free valuation and £500 cashback incentives
- 65% LTV 2 Year Fixed Rate with £1,495 fee will be reduced by 0.20%
- Selected 65% LTV fixed rates will be reduced by up to 0.21%
- Selected BTL fixed rates will be reduced by up to 0.20%
As communicated this morning, we are also making the following changes:
- 85% LTV 5 Year Fixed Rate with no product fee will be increased by 0.10%
- 90% LTV First Time Buyer exclusive fixed rates will be increased by 0.50%
- 80% LTV BTL 5 Year Fixed Rate with £995 fee will be increased by 0.50%
- Selected product transfer rates at 85% LTV and above will be increased by up to 0.20%
End dates will remain at 1 January of the relevant year.