Virgin Money has made changes to its residential and buy-to-let mortgage product offering.
In addition, the lender has also launched a new intermediary exclusive product at 65% loan to value (LTV).
It is a five-year fixed rate at 1.42%, available for both purchase and remortgage. It comes with a £1,495 fee.
The other product changes are effective from 13 November and are follows:
Core residential:
- Reduced 65% LTV 5 Year £995 fee by 0.33bps to 1.61%
- Reduced 65% LTV 5 Year fee-saver by 0.49bps to 1.99%
- Reduced 75% LTV 5 Year £995 fee by 0.09bps to 2.13%
- Reduced 85% LTV 2 Year £995 fee by 0.33bps to 2.99%
- Reduced 85% LTV 3 Year £995 fee by 0.18bps to 3.24%
- Reduced 85% LTV 5 Year £995 fee by 0.25bps to 3.24%
Core buy-to-let:
- Reduced 60% LTV 2 Year £1,995 fee by 0.16bps to 1.71%
- Reduced 60% LTV 3 Year £1,995 fee by 0.16bps to 1.71%
- Reduced 60% LTV 5 Year £1,995 fee by 0.25bps to 1.98%
- Reduced 60% LTV 5 Year £995 fee by 0.20bps to 2.11%
- Reduced 75% LTV 2 Year £1,995 fee by 0.16bps to 1.74%
- Reduced 75% LTV 3 Year £1,995 fee by 0.16bps to 1.74%
- Reduced 75% LTV 5 Year £1,995 fee by 0.25bps to 1.99%
- Reduced 75% LTV 5 Year £995 fee by 0.20bps to 2.14%
Core buy-to-let portfolio:
- Reduced 60% LTV 2 Year £1,995 fee by 0.16bps to 1.81%
- Reduced 60% LTV 5 Year £1,995 fee by 0.25bps to 2.08%
- Reduced 60% LTV 5 Year £995 fee by 0.20bps to 2.21%
- Reduced 75% LTV 2 Year £1,995 fee by 0.16bps to 1.84%
- Reduced 75% LTV 5 Year £1,995 fee by 0.25bps to 2.09%
- Reduced 75% LTV 5 Year £995 fee by 0.20bps to 2.24%
Virgin Money also announced product transfer changes yesterday which are effective now:
Core residential product transfers:
- Increased 65% LTV 5 Year fee-saver by 0.06bps to 1.70%
- Increased 85% LTV 2 Year £995 fee by 0.36bps to 2.35%
- Increased 85% LTV 2 Year fee-saver by 0.24bps to 2.68%
- Increased 85% LTV 3 Year £995 fee by 0.41bps to 2.54%
- Increased 85% LTV 3 Year fee-saver by 0.34bps to 2.87%
- Increased 85% LTV 5 Year £995 fee by 0.37bps to 2.59%
- Increased 85% LTV 5 Year fee-saver by 0.21bps to 2.78%
- Increased 90% LTV 3 Year fee-saver by 0.10bps to 2.98%