Virgin Money has cut interest rates across its residential mortgage range.
90% LTV changes:
- Two-year fixed rates available at 4.65% – a reduction of 0.34%
- Three year fixed rates available at 4.99% – a reduction of 1.20%
- Five year fixed rates also available at 4.99% – a reduction of 1.30% – offering customers the opportunity to fix their rate for five years at the same cost as a three year product
85% LTV changes:
- Two-year fixed rates available at 3.94% – a reduction of 0.15%
- Three-year fixed rates available at 4.15% – a reduction of 0.94%
- Five-year fixed rates available at 4.29% – a reduction of 0.90%
60% LTV changes:
- Two-year fixed rates available at 2.49% – a reduction of 0.15%
- Two-year trackers available at 2.55% – a reduction of 0.20%
A £995 product fee is payable on these products.
Pete Ball, product and commercial director at Virgin Money, said: “We’re delighted to be able to start the year by reducing rates across our mortgage range, which customers with both smaller and larger deposits can benefit from.
“Our intention in 2013 is to continue to grow the business, supporting mortgage customers across the market.”