Virgin Money is relaunching its 95% LTV products on Wednesday 8 February.
The new Core products are as follows:
- New 95% LTV 5 Year Fixed Rate fee-saver will be launched at 5.09%.
- New 95% LTV 10 Year Fixed Rate fee-saver will be launched at 5.59%, available to purchase customers only.
- 65-85% LTV fixed rates will be reduced by up to 0.19%.
In addition, the bank is reducing its Exclusive rates and new deals will be available from 3.95%.
Details are as follows:
Exclusive Purchase deals with free valuation
- 65-90% LTV 5 year fixed rates with £1,495 fee will be reduced by up to 0.18%, available from 3.99%.
- 75-90% LTV 5 year fixed rates with £995 fee and £1,000 cashback will be reduced by up to 0.12%, available from 4.22%.
Exclusive Remortgage deals with cashback
- 65-75% LTV 2 and 5 year fixed rates with £995 fee will be reduced by up to 0.25%, available from 3.95%.
- 65-75% LTV 2, 3 and 5 year fixed rate fee-savers will be reduced by up to 0.51%, available from 4.10%.
- BTL 50-60% LTV 2 and 5 year fixed rates with £3,995 fee will be reduced by up to 0.46%, available from 4.54%.
Virgin Money’s product transfer fixed rates will also been reduced in line with its new business range:
Product Transfer
- 65% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.15% to 4.15%.
- 65% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.19% to 4.27%.
- 65% LTV 2 Year Fixed Rate with £995 fee will be reduced by 0.07% to 4.53%.
- 65% LTV 3 Year Fixed Rate with £995 fee will be reduced by 0.07% to 4.43%.