It launches a new 95% LTV two-year fixed rate deal
Virgin Money has made changes to its mortgage product range, including the launch of a new high loan-to-value (LTV) option.
The lender has added a new 95% LTV two-year fixed rate at 5.49% to the core purchase fee-saver with £500 cashback range.
In terms of selected residential rates, two- and five-year exclusive purchase fixed rates have been increased by up to five basis points (bps), with rates starting at 4.40%. Two-year exclusive remortgage fixed rates have also been increased by up to 5bps, with rates from 4.69%.
Two- and five-year purchase fixed rates have been cut by up to 40bps, with rates beginning at 4.69% for two-year deals and at 4.39% for five-year options.
The lender’s current rates, reflecting the latest changes, can be accessed online through its updated product guide.
Virgin Money has also withdrawn several exclusive products last Wednesday. These are 4.09% purchase five-year fix at 75% LTV with a £1,295 fee, 4.18% purchase five-year fix at 85% LTV with a £1,295 fee, 4.89% purchase two-year fix at 75% LTV, 4.25% purchase five-year fix at 65% LTV, 4.28% purchase five-year fix at 75% LTV, 4.87% professional purchase two-year fix at 75% LTV, and 4.26% professional purchase five-year fix at 75% LTV.
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