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Virgin Money cuts a number of Northern Rock rates

by Kevin Rose
15 August 2012
Virgin Money
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Virgin Money

Virgin Money has cut interest rates across a selection of its Northern Rock residential and buy-to-let mortgage products.

Two-year fixed rates at 60% LTV are now available to both purchase and remortgage customers at 2.89% with a product fee, or 3.29% with no product fee.

As with all other products in the core range, customers remortgaging from another lender will benefit from free standard legal services and a free basic valuation.

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Two-year, three-year and five-year fixed rates have been reduced across the 60% and 70% LTV tiers. Selected two-year and three-year trackers have also been reduced by up to 0.26 percentage points.

Cashback of up to £300 also remains available on a selection of residential purchase products.

The Northern Rock buy-to-let two-year fixed rate at 60% LTV with a product fee of £1,995 has been cut by 0.20 percentage points to 3.79%. The buy-to-let range continues to offer cashback of £500 across all products.

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

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