Virgin Money has announced a raft of changes across its purchase and remortgage product range, including rate drops and rises, withdrawals, and the launch of a series of exclusive products.
New exclusive remortgage products being launched include: an 80% loan-to-value (LTV) 2-year fixed rate with £895 fee at 5.39%; an 80% LTV 5-year fixed rate with £895 fee at 4.84%; an 80% LTV 2-year fixed rate fee-saver at 5.84%; and an 80% LTV 5-year fixed rate fee-saver at 5.12%.
Exclusive purchase products being launched include: a 75% LTV 5-year fixed rate with £895 fee at 4.56%; an 80% LTV 5-year fixed rate with £895 fee at 4.64%; a 75% LTV 5-year fixed rate fee-saver at 4.66%; and an 80% LTV 5-year fixed rate fee-saver at 4.80%.
These remortgage products include a free valuation and legals, while the purchase products come with £300 cashback.
Virgin Money will increase rates on selected Fix and Switch Purchase products by up to 0.10%, with rates starting from 5.34%.
90% LTV Own New 2-year fixed rates will be increased by 0.05%, with rates starting from 2.78%.
Buy-to-let (BTL) fixed rates with 3% fee will be reduced by 0.02%, with rates starting from 4.03%.
Selected BTL 5-year fixed rates with 1% fee will be reduced by 0.02%, with rates starting from 4.67%.
Rates on the lender’s 90% purchase 2-year fixed rate with £995 fee will be increased by 0.05%, to 5.44%, and on its 95% purchase 2-year fixed rate fee-saver, by 0.10%, at 5.94%.
In addition, Virgin Money will withdraw its 90% Purchase Exclusive 5-year fixed rate fee-saver at 5.00%, effective from 8pm this evening (5th June).
