Virgin Money has made a series of reductions to its residential and buy-to-let mortgages.
The changes are as follows:
New business:
Exclusive purchase £1000 cCashback:
- 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.60%
- 85% LTV 2 Year £995 fee reduced by 0.10 percentage points to 2.49%
- 85% LTV 5 Year £995 fee reduced by 0.02 percentage points to 2.77%
Exclusive purchase buy-to-let £1,000 cashback:
- 75% LTV 2 Year £1,995 fee reduced by 0.07 percentage points to 1.84%
Exclusive purchase buy-to-let portfolio £1000 cashback:
- 75% LTV 2 Year £1,995 fee reduced by 0.07 percentage points to 1.94%
Core residential:
- 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.54%
- 85% LTV 2 Year £995 fee reduced by 0.05 percentage points to 2.43%
- 85% LTV 3 Year £995 fee reduced by 0.01 percentage points to 2.75%
- 85% LTV 5 Year £995 fee reduced by 0.01 percentage points to 2.75%
Core buy-to-let:
- New 80% LTV 2 Year £995 fee launched at 3.36%
Product transfer:
Core residential:
- 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.54%
- 85% LTV 2 Year £995 fee reduced by 0.05 percentage points to 2.43%
Core buy-to-let:
- 80% LTV 2 Year £995 fee reduced by 0.23 percentage points to 3.36%