Lender also announces rate reductions on select products
Virgin Money has launched new products, including a new range of seven-day special exclusives that are available only until 8pm on November 20.
A couple of five-year fixes at 60% and 70% loan-to-value (LTV) priced at 4.70% and 4.80%, respectively, are the new products on the seven-day special remortgage exclusives range with a £995 fee.
A two- and five-year fix – both at 90% LTV – were also launched at 5.85% and 5.16%, respectively, on the range of fee-savers seven-day special purchase exclusives with a £500 cashback.
Virgin has also made rate reductions of up to 25 basis points (bps) across its current range/
Purchase exclusives with a £1,295 fee were slashed by up to 0.11%, with rates starting from 4.58%, while purchase exclusive fee-savers were reduced by up to 0.06%, with rates starting from 4.78%.
The lender’s remortgage exclusives with a £995 fee were lowered by up to 0.12%, with rates starting from 4.85%, while BTL remortgage and purchase exclusives were reduced by up 24bps for those with a £2,195 fee and by up to 15bps for those with a 1% fee. Rates now start from 4.81% and 4.99% respectively.
Product transfer residential and BTL fixed rates were also cut by up to 25bps and 20bps, with rates starting from 4.86% and 5.23% respectively.
Virgin Money’s current product rates can be accessed online through its mortgage update.
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