Virgin Money has launched a range of purchase and remortgage exclusives and cut landlord and residential rates by up to 51 basis points.
The high street lender’s new products cover:
- £1m-plus remortgage exclusives, with a £1,995 fee
- 75% loan to value two-year fixes launched at 5.40%
- 75% LTV five-year fixes launched at 4.95%
Purchase exclusives, with a £1,295 fee and £500 cashback
- 65% LTV and 75% LTV two-year fixes launched from 4.97%
- 65% LTV and 75% LTV five-year fixes launched from 4.53%
Purchase exclusive fee-savers, with £300 cashback
- 65% LTV and 75% LTV two-year fixes launched from 5.33%
- 65% LTV and 75% LTV five-year fixes launched from 4.68%
The bank’s reductions include:
- Purchase exclusive £1m-plus fixes cut by up to 51bps, starting from 4.95%
- Buy-to-let exclusive fixes, with a 3% fee at 60% LTV and 75% LTV cut by up to 20bps, starting from 4.62%
- Two-, three- and five-year core residential fixes cut by up to 30bps
