The 2-year fixed rate mortgage is exclusively available through intermediaries and is offered for loans up to 60% loan to value for a maximum loan size of £300,000.
Cuts to the range include a 0.15% reduction to its 3-year fixed and tracker rates which is now available at 2.39% and a 0.10% to its 2-year fixed and tracker rates which are now available at 2.34%. Both products are available for up to 70% LTV.
Richard Tugwell, director of intermediary relationships at Virgin Money, said: “We're delighted to announce these changes to our mortgage range, including the new exclusive product for intermediaries.
“This new deal demonstrates our commitment to offer attractive products to customers and to put the relationships with our intermediary partners at the heart of our mortgage business.”
Virgin Money has also announced cuts to its buy-to-let range including a 0.54% reduction to its 2-year fixed rate for up to 60% LTV and 0.40% reduction to its 2-year fixed rate for up to 70% LTV. The products have a rate of 3.75% and 4.09% respectively.
