Virgin Money reduces rates on resi and BTL mortgages

Virgin Money has also made various changes to rates on its product transfer range.

Virgin Money reduces rates on resi and BTL mortgages

Virgin Money has reduced rates on a selection of its residential and buy-to-let (BTL) mortgages.

 

For new business, Virgin Money has reduced rates on the following Exclusive Purchase deals, all with a £995 fee and £1,000 cashback: a 75% loan-to-value (LTV) 5-year term, reduced by 0.14% to 1.60%; an 85% LTV 2-year term, reduced by 0.10% to 2.49%; and an 85% LTV 5-year term, reduced by 0.02% to 2.77%.

Its Exclusive Purchase BTL 75% LTV 2-year deal, with £1,995 fee and £1,000 cashback, has been reduced by 0.07% to 1.84%.

Virgin Money'sExclusive Purchase BTL Portfolio deal, at 75% LTV on a 2-year term, with £1,995 fee and £1,000 cashback, has beenreduced by 0.07% to 1.94%.

The lender has also made the following changes to its core residential range, all with a £995 fee: 75% LTV 5-year reduced by 0.14% to 1.54%;85% LTV 2-year reduced by 0.05% to 2.43%; 85% LTV 3-year reduced by 0.01% to 2.75%; 85% LTV 5-year reduced by 0.01% to 2.75%.

Its core BTL range has seen the addition of a new 80% LTV 2-year term, with a £995 fee, launched at 3.36%.

Virgin Money has also made various changes to rates on its product transfer range.

For core residential product transfers, its 75% LTV 5-year deal has been reduced by 0.14% to 1.54%, and its85% LTV 2-year deal by 0.05% to 2.43%.

For core BTL product transfers, its 80% LTV 2-year rate has been reduced by 0.23% to 3.36%.

LATEST NEWS