It also refreshes its BTL range with new lower rates
Virgin Money has launched new purchase exclusives to provide home movers with more options and better value deals.
The following are the lender’s new exclusive purchase products with free valuation:
- Two-year fixed rate at 65% loan-to-value (LTV) with a £1,495 fee at 4.44%
- Two-year fixed rate at 75% LTV with a £1,495 fee at 4.49%
- Two-year fixed rate at 85% LTV with a £1,495 fee at 4.59%
- Two-year fixed rate at 90% LTV with a £1,495 fee at 4.90%
The following exclusive purchase products with a £1,000 cashback and free valuation are also available:
- Two-year fixed rate at 75% LTV with a £995 fee at 4.78%
- Two-year fixed rate at 85% LTV with a £995 fee at 4.90%
- Two-year fixed rate at 90% LTV with a £995 fee at 5.25%
- Three-year fixed rate at 85% LTV with a £995 fee at 4.74%
“Our new range of short term exclusive rates now offer even more options for those looking to purchase a new home, whether a home mover or a first-time buyer,” Richard Walker (pictured), head of intermediary sales at Virgin Money, said. “We remain supportive of those with smaller deposits with 90% LTV two-year fixed rates starting from 4.90%.”
Buy-to-let range has new lower rates
Virgin Money’s buy-to-let range has also been refreshed with new lower rates, plus increased product availability to support portfolio landlord customers.
Below are the new exclusive BTL remortgage deals for portfolio landlords:
- Two-year fixed rate at 50% LTV with a £3,995 fee at 4.73%
- Two-year fixed rate at 60% LTV with a £3,995 fee at 4.83%
- Five-year fixed rate at 50% LTV with a £3,995 fee at 4.64%
- Five-year fixed rate at 60% LTV with a £3,995 fee at 4.69%
Selected BTL fixed rates on the Virgin Money’s core and product transfer ranges have been reduced by up to 0.89% and 1.50% respectively.
Virgin Money ups exclusive remortgage rates
Virgin Money has also announced rate increases on its exclusive remortgage products at 65% to 75% LTV.
Rates were increased by up to 0.25% on the following products:
- Two-year fixed rate at 65% LTV with a £995 fee - rate increased by 0.11% to 4.54%
- Two-year fixed rate at 75% LTV with a £995 fee - rate increased by 0.11% to 4.59%
- Five-year fixed rate at 65% LTV with a £995 fee - rate increased by 0.04% to 3.99%
- Five-year fixed rate at 75% LTV with a £995 fee - rate increased by 0.08% to 4.18%
- Two-year fixed rate fee-saver at 65% LTV - rate increased by 0.20% to 4.79%
- Two-year fixed rate fee-saver at 75% LTV - rate increased by 0.20% to 4.89%
- Three-year fixed rate fee-saver at 75% LTV - rate increased by 0.25% to 4.59%
- Five-year fixed rate fee-saver at 65% LTV - rate increased by 0.08% to 4.18%
- Five-year fixed rate fee-saver at 75% LTV - rate increased by 0.09% to 4.29%
The full details of all mortgage products offered by Virgin Money can be found in its latest mortgage update.
Virgin Money also announced that it is now accepting non-standard income in some cases, such as income from investments and trusts, even when it’s not currently being drawn.
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