It also increases the rates of some of its current offering
Virgin Money has launched new purchase and remortgage products and increased the rates of a few of its existing products.
From today, July 20, new two- and five-year fixed rate products for purchase are available at up to 90% loan-to-value (LTV). The products come with free valuation and rates start from 5.66%.
Exclusive remortgage deals with free valuation and free legals are also now available, with new two- and five-year fixes at 60% and 70% LTV having rates that start from 5.63%. There is also a 60% LTV seven-year fix with a rate of 5.20%. New buy-to-let two- and five-year fixes with £2,195 fee have rates that start from 5.36%.
The lender has also withdrawn all existing fixed rate exclusives, while selected two-, three-, and five-year fixed rates in its exclusive and core range have been increased by up to 0.22%. Buy-to-let portfolio rates have also been raised by 0.05%.
On its product transfer range, selected two-, three-, and five-year fixed rates have been hiked by up to 0.27%.
Virgin Money’s current product rates can be accessed online through its mortgage update.
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