Virgin Money has announced changes to selected mortgage products.
It has withdrawn the following products:
Remortgage Exclusives with £995 fee – 7 Day Specials
- 60% LTV five-year fixed rate at 4.90%.
- 70% LTV five-year fixed rate at 4.95%.
Remortgage Exclusives with £995 fee
- 60% LTV two-year fixed rate.
- 70% LTV two-year fixed rate.
- 60% LTV seven-year fixed rate.
Freedom to Fix with £995 fee
- 65% LTV two-year Everyday Freedom to Fix tracker will be increased by 0.07%, at 5.55%.
Meanwhile, it has launched the following new products and made selected reductions across its range.
Remortgage Exclusives with £995 fee and £250 cashback
- NEW 60% LTV two-year fixed rate will be launched at 5.40%.
- NEW 70% LTV two-year fixed rate will be launched at 5.49%.
- NEW 60% LTV five-year fixed rate will be launched at 4.95%.
- NEW 70% LTV five-year fixed rate will be launched at 4.98%.
- NEW 60% LTV seven-year fixed rate will be launched at 4.95%.
BTL Remortgage & Purchase Exclusives with £2,195 fee
- 50% LTV two-year fixed rate will be reduced by 0.06%, at 5.44%.
- 60% LTV two-year fixed rate will be reduced by 0.06%, at 5.49%.
- 50% LTV five-year fixed rate will be reduced by 0.21%, at 4.99%.
- 60% LTV five-year fixed rate will be reduced by 0.21%, at 5.01%.
- Exclusive buy-to-let portfolio fixed rates with £2,195 fee will be reduced by up to 0.26%.
BTL Remortgage & Purchase Exclusives with 3% fee
- 60% LTV two-year fixed rate will be reduced by 0.15%, at 4.72%.
- 75% LTV two-year fixed rate will be reduced by 0.15%, at 4.77%.
- 60% LTV five-year fixed rate will be reduced by 0.15%, at 4.82%.
- 75% LTV five-year fixed rate will be reduced by 0.15%, at 5.12%.
- Exclusive buy-to-let portfolio fixed rates with 3% fee will be reduced by 0.15%.
Purchase Exclusives with £1,295 fee
- 65% LTV two-year fixed rate will be reduced by 0.06%, at 5.34%.
- 85% LTV two-year fixed rate will be reduced by 0.02%, at 5.67%.
- 90% LTV two-year fixed rate will be reduced by 0.05%, at 5.70%.
- 90% LTV five-year fixed rate will be reduced by 0.06%, at 5.22%.
Purchase Exclusive fee-savers
- 65% LTV two-year fixed rate will be reduced by 0.02%, at 5.58%.
- 85% LTV two-year fixed rate will be reduced by 0.08%, at 5.91%.
- 90% LTV two-year fixed rate will be reduced by 0.09%, at 6.01%.
- 85% LTV five-year fixed rate will be reduced by 0.04%, at 5.23%.
- 90% LTV five-year fixed rate will be reduced by 0.04%, at 5.40%.
- Purchase Exclusive £1m+ fixed rates will be reduced by 0.05%.
Product Transfer
- Selected product transfer fixed rates will be reduced by up to 0.14%, with rates starting from 4.99%.
The end dates will move to February of the relevant year.