Virgin Money has made changes to its mortgage range, cutting interest rates on higher LTV fixed rate residential products by up to 0.36 percentage points and reducing buy-to-let rates by up to 0.35 percentage points.
Main residential mortgage product changes:
- Two-year fixed rate at 90% LTV reduced by 0.15 percentage points to 2.99% (no product fee, £300 cashback)
- Three-year fixed rate at 85% LTV reduced by 0.36 percentage points to 2.99% (no product fee)
- Three-year fixed rate at 90% LTV reduced by 0.35 percentage points to 2.78% (£995 product fee, £300 cashback for purchases and £500 for first time buyers)
- Five-year fixed rate at 90% LTV reduced by 0.16 percentage points to 3.29% (£995 product fee, £300 cashback for purchases and £500 for first time buyers)
Main buy-to-let mortgage product changes
- Two-year fixed rates at 75% LTV reduced by up to 0.30 percentage points and start from 2.59%
- Two-year fixed rate at 60% LTV reduced by 0.35 percentage points to 2.34% (£995 product fee, £750 cashback)
- Two-year fixed rate at 60% LTV reduced by 0.30 percentage points to 1.99% (£1,995 product fee, £750 cashback)
- Five-year fixed rate at 60% LTV reduced by 0.24 percentage points to 3.15% (£1,995 product fee, £750 cashback)
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We are delighted to continue to support the mortgage market with these improved rates on a number of our fixed rate residential and buy-to-let products.”