Expiry dates for the products also extended
Virgin Money has launched new Fix and Switch loan-to-value (LTV) options and adjusted its residential and buy-to-let mortgage rates.
The lender has introduced a new 95% LTV five-year fixed rate product for exclusive purchases, offering £250 cashback at a rate of 5.54%.
For exclusive remortgages, a new 70% LTV five-year fixed rate product is now available, coming with free valuation and legal services, priced at 4.99%.
The expiry dates for these products have also been extended to June of the respective year.
Read more: Virgin Money announces changes to product range
Additional changes include a 0.05% increase in the 85% LTV purchase exclusive five-year fix, bringing its rate to 4.49%; and a 0.10% hike in the 90% LTV purchase exclusive five-year fix, setting its rate at 4.50%.
The rates for 60% and 70% LTV remortgage exclusives were also raised by 0.05%, starting from 4.24%, alongside adjustments in exclusive buy-to-let fixed rates, with increases of 0.05% across various fee structures.
The lender’s current rates, reflecting the latest changes, can be accessed online through its updated product guide.
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