Virgin Money has made a series of rate reductions in its range of residential and buy-to-let mortgage products.
The changes are effective from 27 November.
The rate reductions include the following:
Intermediary Exclusive:
- Reduced 65% LTV 5 Year £1,495 fee by 0.03 percentage points to 1.39% (purchase and remortgage options)
Core Residential:
- Reduced 65% LTV 5 Year £995 fee by 0.16 percentage points to 1.45%
- Reduced 85% LTV 3 Year £995 fee by 0.15 percentage points to 3.09%
- Reduced 85% LTV 5 Year £995 fee by 0.15 percentage points to 3.09%
Core Buy-to-let:
- Reduced 60% LTV 2 Year £995 fee by 0.07 percentage points to 1.94%
- Reduced 60% LTV 5 Year £1,995 fee by 0.11 percentage points to 1.87%
- Reduced 60% LTV 5 Year £995 fee by 0.23 percentage points to 1.88%
- Reduced 75% LTV 2 Year £995 fee by 0.06 percentage points to 1.98%
Core Buy-to-let Portfolio:
- Reduced 60% LTV 2 Year £995 fee by 0.07 percentage points to 2.04%
- Reduced 60% LTV 5 Year £1,995 fee by 0.11 percentage points to 1.97%
- Reduced 60% LTV 5 Year £995 fee by 0.23 percentage points to 1.98%
- Reduced 75% LTV 2 Year £995 fee by 0.06 percentage points to 2.08%
Help to Buy:
- Reduced 55% LTV 5 Year £995 fee by 0.02 percentage points to 2.17%
- Reduced 75% LTV 5 Year £995 fee by 0.02 percentage points to 2.17%
Shared Ownership:
- Reduced 90% LTV 2 Year £995 fee by 0.25 percentage points to 3.39%
