Virgin Money has made a number of rate cuts across its residential and buy-to-let range.
All products will be available from Tuesday 22 July 2014.
Key changes to the mortgage range include:
- Two-year fixed rate at 3.23% up to 85% LTV with a £995 product fee – a reduction of 25bps
- Two-year fixed rate at 4.29% up to 90% LTV with no product fee – a reduction of 20bps
- Three-year fixed rate at 4.68% up to 90% LTV with no product fee – a reduction of 20bps
Buy-to-let rate reductions
- Two-year fixed rate at 2.99% up to 60% LTV with a £1,995 product fee – a reduction of 10bps
- Three-year fixed rate at 3.19% up to 60% LTV with a £1,995 product fee – a reduction of 40bps
- Two-year tracker at 2.69% up to 60% LTV with a £995 product fee – a reduction of 40bps
- Two-year tracker at 3.39% up to 75% LTV with a £995 product fee – a reduction of 40bps
New buy-to-let intermediary exclusives
- Two-year fixed rate at 2.79% up to 60% LTV, with a £1,995 product fee
- Two-year fixed rate at 2.99% up to 60% LTV, with a £1,495 product fee
- Products available through all intermediaries registered with Virgin Money
Peter Rogerson, Virgin Money’s savings and mortgages director, said: “We’re delighted to make these changes to our mortgage products. The range has something for everyone, and the rate reductions are particularly beneficial for people with smaller deposits and buy-to-let investors.”