Virgin Money cuts rates

Its 3-year residential fixed rates are now available from 1.94% at 65% loan-to-value, with a £995 product fee.

Virgin Money has updated its mortgage range with a number of rate reductions on selected products.

Its 3-year residential fixed rates are now available from 1.94% at 65% loan-to-value, with a £995 product fee.

Meanwhile 5-year residential fixed rates are now available from 2.24% at 65% LTV, with a £995 product fee.

The lender is also offering a 2-year fixed rate buy-to-let intermediary exclusive at 50% LTV now available at 1.87%, with a £1,995 product fee on remortgage only.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “Virgin Money is committed to supporting all segments of the mortgage market and these selected rate reductions, to both residential and buy-to-let products, help to demonstrate that.

“The improved buy-to-let rates on the 3 and 5-year terms offer landlords more certainty of their mortgage repayment over a longer period.”