Virgin Money adds new mortgage products, cuts rates on some

The lender made changes to its residential and buy-to-let mortgage range

Virgin Money adds new mortgage products, cuts rates on some

Virgin Money has launched new products and reduced the rates on some of its fixes today, December 9.

New five-year fixed rates with a £995 fee up to 85% LTV are available from 4.64% under the lender’s exclusive purchase deal with free valuation.

Five-year fixed rate fee savers up to 75% LTV at 4.69% are now part of its remortgage with cashback range, while two-year tracker rates with a £3,995 fee from 3.30% are available under its buy-to-let remortgage offering. 

New buy-to-let two-year tracker rates with £995 fee up to 75% LTV from 3.90% have also become part of its core product range.

Five-year fixed rates with a £995 fee under remortgage deals with cashback were reduced by up to 0.34%. In the buy-to-let remortgage range, five-year fixes with a £3,995 fee were cut by up to 0.25%.

Under the core product range, residential five- and 10-year fixed rates were slashed by up to 0.31%, while buy-to-let five-year fixes were reduced by up to 0.71%.

The complete product details reflecting the latest changes can be found on Virgin Money’s mortgage product update.