Virgin Money slashes rapid remortgage range

The products, which stand at 65% LTV, are a 2-year fix at 1.77%, a 4-year fix at 2.49% and a 5-year fix at 2.69%, all with a £995 product fee.

Currently Virgin’s regular £99 application fee is being waived for remortgage deals.

Peter Rogerson, Virgin Money’s savings and mortgages director said: “Our rapid remortage range offers attractive and competitive rates, and we expect them to continue to be popular with customers looking to move their mortgage before Christmas.”

Virgin has also updated its residential offering by increasing LTVs from 60% to 65% LTV on its 2-year fix at 2.14% and its 5-year fix at 2.92% both with a £995 fee, while the latter product is for remortgage customers only.

The 65% LTV extension also applies to larger loan products including a 5-year fix at 2.59% with a £1,495 fee.