Virgin Money has introduced what it has dubbed‘Red Hot’ mortgages across its residential and buy-to-let range.
The new deals, available today, form part of its Fast Start campaign for 2017.
Main changes to residential products:
- New two-year residential fixed rate up to 90% LTV at 2.84% for first time buyers (No product fee, £1,000 cashback)
- Five-year residential fixed rate up to 65% LTV now at 1.89% (£995 fee, £300 cashback for purchases, free valuation and legal fees for remortgage)
- Help to Buy Equity five-year fixed rate up to 75% LTV now at 2.59% (No product fee, £500 cashback)
- Two-year flexible tracker up to 65% LTV now at 1.69% (£995 fee, free valuation and legal fees for remortgages)
Key changes to buy-to-let fixed rate:
- Two-year fixed rate at 60% LTV now at 1.59% (£1,995 product fee and £500 cashback)
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “To kick off the year we have launched a new range of red hot mortgage products that offer competitive rates to help homebuyers get onto the property ladder, support those looking to move home and a great deal for landlords.”