Lender also reduces selected fixed rates
Virgin Money has launched new remortgage exclusives, replacing the ones it recently withdrew.
Starting Wednesday, new two-, five-, and seven-year fixed rates in the lender’s remortgage exclusives range are available with some rates below 5%.
Two-year fixes at 60% and 70% loan-to-value (LTV) were launched at 5.40% and 5.49%, respectively, while five-year options at 60% and 70% LTV were priced at 4.95% and 4.98%, respectively. A 60% LTV seven-year fixed deal was also launched at 4.95%. The new products all come with a £995 fee and a £250 cashback.
The lender withdrew, on Tuesday, its previous £995 fee remortgage exclusives, seven-day specials, and freedom to fix products.
Virgin Money also reduced selected buy-to-let fixed rates by up to 21 basis points (bps), selected purchase exclusive fixed rates by up to 9bps, and selected product transfer fixed rates by up to 14bps.
The lender’s current product rates can be accessed online through its mortgage update.
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