It also changes the rates of some of its current offering
Virgin Money has launched new products and changed rates of some of its existing products.
New two-year freedom to fix trackers at 70% loan-to-value (LTV) with a £995 fee, starting from 5.29%, were added to the lender’s remortgage exclusive products.
Also launched in its purchase and remortgage exclusive range were new five-year buy-to-let fixes at 75% LTV with a £2,195 fee, starting from 5.83%.
On its exclusive and core products, Virgin Money reduced the rates of its two-year freedom to fix trackers at 65% LTV by 0.02%, now starting from 5.23%.
Two- and three-year fixed rates were increased by 0.35%, while rates on the five-year fixes were hiked by up to 0.30%. Buy-to-let fixed rates were raised by 0.35%, now starting from 5.36%.
For product transfer, fixed rates were increased by up to 0.40%, starting from 5.18%, while buy-to-let fixed rates were also hiked by up 0.40%, starting from 5.53%.
Virgin Money’s current product rates can be accessed online through its mortgage update.
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