It also extended its Green Reward deadlines
Virgin Money has launched new fixed rate products and made a number of changes to some existing products.
The lender has unveiled new exclusives – 70% loan-to-value (LTV) remortgage fixed rates from 4.15% and 50% LTV buy-to-let fixed rates with a £995 fee from 4.65%.
Under its core and exclusives, Virgin Money has increased fixed rates by up to 0.30%, starting from 4.09%. BTL fixed rates have also been raised by up to 0.30%, starting from 4.52%.
In addition, product transfer fixed rates have been hiked by up to 0.38%, starting from 3.99%.
The full details of all mortgage products offered by Virgin Money, reflecting the latest product changes, can be found on its latest mortgage update.
Meanwhile, Virgin Money has extended the deadline dates for customers who want to register and claim Green Reward – the lender’s sustainability initiative that rewards existing residential and buy-to-let customers with a £250 cashback for making green home improvements.
The registration for Green Reward was extended until December 31, 2023, while eligible customers can claim until July 31, 2024.
“We’ve extended our deadline dates to the end of the year, allowing more customers the chance to register and take part in the scheme,” Richard Walker, head of intermediary sales at Virgin Money, said.
Green Reward is open to residential and buy-to-let customers taking additional borrowing, or a product transfer with additional borrowing, and who then spend at least £2,500 on eligible green home improvements. This includes changes to the property that increase energy efficiency or reduce the carbon footprint.
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