Virgin Money is making a series of changes to its buy-to-let and residential mortgage range.
The changes take effect from tomorrow (Friday 10 March) for buy-to-let and tonight for residential rates.
Remortgage Exclusives:
- Buy-to-let 50% LTV 2 Year Fixed Rate with £3,995 fee will be reduced by 0.45% to 4.18%.
- Buy-to-let 60% LTV 2 Year Fixed Rate with £3,995 fee will be reduced by 0.45% to 4.28%.
- Buy-to-let 50% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.34% to 4.20%.
- Buy-to-let 60% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.34% to 4.25%.
- Buy-to-let Portfolio 2 and 5 year fixed rates with £3,995 fee will be reduced by up to 0.45%.
- New residential 75% LTV 7 Year Fixed Rate fee-saver at 4.34%.
Residential purchase Exclusives:
- Selected 2 and 5 year fixed rates will be reduced by up to 0.10%.
Core:
- New residential 3 year fixed rates up to 90% LTV starting from 4.46%.
- Selected residential and buy-to-let 2 and 5 year fixed rates will be reduced by up to 0.33%.
We’re also making the following changes at 8pm tonight:
Residential Exclusives:
- Selected remortgage 2 and 5 year fixed rates will be increased by up to 0.15%.
- Selected purchase 2 and 5 year fixed rates will be increased by up to 0.05%.
Core residential:
- 75% LTV 10 Year Fixed Rate with £995 fee will be increased by 0.20%.
- Selected 2 year fixed rates will be increased by up to 0.04%.
Richard Walker, head of intermediary sales at Virgin Money, said: “We know landlords looking for a new deal have seen market challenges over the last six months as rates have increased.
“To assist buy-to-let customers we have made some reductions to our range with rates starting from 4.18% with a £3,995 fee.”