Virgin Money has made changes to its residential mortgage range.
It has also removed the £99 application fee for all residential lending products for a limited period only.
Key residential product changes:
- Two-year fixed rate at 80% LTV reduced by 0.07 percentage points to 2.07% (£995 product fee, £300 cashback for purchases)
- Two-year fixed rate at 85% LTV reduced by 0.10 percentage points to 2.09% (£995 product fee, £300 cashback for purchases)
- Two-year fixed rate at 90% LTV reduced by 0.14 percentage points to 3.49% (no product fee, £500 cashback for first time buyers / £300 cashback for home movers)
- Three-year fixed rate at 80% LTV reduced by 0.20 percentage points to 2.39% (£995 product fee, £300 cashback for purchases)
- Five-year fixed rate at 90% LTV reduced by 0.20 percentage points to 3.99% (no product fee, £500 cashback for first time buyers / £300 cashback for home movers)
Intermediary exclusive product change:
- Two-year fixed rate at 80% LTV reduced by 0.21 percentage points to 1.88% (£995 product fee, £300 cashback for purchases)
- Two-year fixed rate at 85% LTV for new build customers reduced by 0.25 percentage points to 2.14% (£995 product fee, £500 cashback for first time buyers / £300 cashback for other purchases)
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We’re delighted to announce these latest improvements to our residential mortgage range which includes the removal of the £99 application fee for a limited period.
“We continue to develop our mortgage proposition in line with the commitments we announced earlier in the year and help borrowers across all segments of the mortgage market.”