It also reduces selected existing rates
Virgin Money has launched a new range of exclusives and further reduced selected existing rates by up to 38 basis points (bps).
New remortgage exclusive deals with free valuation, a £1,500 cashback, and £995 fee are now available, with fixed rates up to 70% loan-to-value (LTV) launched at 5.38%.
There are also new BTL portfolio remortgage and purchase exclusives with 3% fee. Two-year fixes at 60% and 75% LTV are priced at 5.17% and 5.22%, respectively, while five-year options at 60% and 75% LTV are priced at 5.27% and 5.57%, respectively.
On the lender’s purchase exclusive range, fixed rates with £1,295 fee are reduced by up to 0.17%, now starting from 4.82%, while fixed rate fee-savers with free valuation are cut by up to 0.13%, now starting from 5.09%.
Virgin Money has also slashed exclusive remortgage fixed rates by up to 0.18%, core residential and BTL rates by up to 0.38%, and selected product transfer fixed rates by up to 0.26%.
The lender’s current product rates can be accessed online through its mortgage update.
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