Rates were reduced by up to 0.26%
Virgin Money has reduced a number of its residential mortgage product transfer rates by up to 26 basis points, effective today, March 7.
The lender’s two-year fixed rate at 65% loan-to-value (LTV) with a £995 fee has been slashed by 0.16% to 4.37%, while its fee-saver version has been cut by 0.26% to 4.60%.
The five-year year fixed rate at 65% LTV with a £995 fee has been reduced by 0.16% to 3.99%, while the fee-saver option has been lowered by 0.10% to 4.17%.
Further selected two-, three- and five-year fixes will also be reduced by up to 0.21%.
The full details of all mortgage products offered by Virgin Money can be found in its latest mortgage update.
“We don’t believe that our best rates should be saved just for new customers,” Richard Walker, head of intermediary sales at Virgin Money said. “With five-year fixed rates starting from 3.99%, these changes to our existing customer range improve the options available for those looking for a new rate on their existing loan.”
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