The cuts see Virgin now offer a 1.55% 2-year 65% LTV fixed rate mortgage at 65% LTV, a 5-year fixed rate mortgage at 65% LTV reduced to 2.35% and a 2-year 2.59% product for up to 85% LTV.
Virgin Money is also waiving the £99 application fee on selected 65%, 70% and 75% LTV intermediary exclusive products, for a limited period only.
Peter Rogerson, Virgin Money’s mortgage director, said: “The rate reductions we have announced today continue to reinforce Virgin Money’s commitment to all segments of the mortgage market and to our intermediaries.
“We have also waived the £99 application fee on selected low LTV intermediary exclusive products. The improvements we have made will help customers benefit from some of the most competitive deals in the current market.”
