Virgin Money has made of changes to its mortgage range, including improvements to its intermediary exclusive buy-to-let range with rates starting from 1.84%.
It has also increased the cashback on all intermediary buy-to-let exclusives from £500 to £750 for a limited period only, and reduced selected higher LTV residential fixed rates.
Residential mortgage changes
- Two-year fixed rates at 90% LTV reduced by up to 0.25 percentage points, and now start from 2.63% (£995 product fee, £300 cashback for purchases and £500 for first time buyers)
- Three-year fixed rates at 90% LTV reduced by up to 0.31 percentage points, and now start from 3.13% (£995 product fee, £300 cashback for purchases and £500 for first time buyers)
- Five-year fixed rates at 90% LTV reduced by up to 0.21 percentage points, and now start from 3.45% (£995 product fee, £300 cashback for purchases and £500 for first time buyers)
- Selected two, three and five-year fixed rate fee savers between 75% and 85% LTV reduced by up to 0.77%
New buy-to-let fixed rates available exclusively through intermediaries
- Two-year fixed rate at 60% LTV launched at 1.84% (£2,495 product fee, £750 cashback)
- Five-year fixed rate at 60% LTV launched at 2.99% (£2,495 product fee, £750 cashback)
Intermediary exclusive buy-to-let changes
- Two-year fixed rates reduced by up to 0.14 percentage points, and now start from 1.99% (£1,995 product fee, £750 cashback)
- Five-year fixed rates reduced by up to 0.04 percentage points, and now start from 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 through the introduction of our competitive new range, across both the residential and buy-to-let sectors.
“We have increased the cashback we offer across our intermediary exclusive buy-to-let range for a limited period, and we are continuing to support landlords with this latest round of improvements to our products, which are available through all of our intermediary partners.”