The lender will reduce its 90% LTV two-year fixed rate mortgage product to 4.29% with a £995 fee. It is also introducing rate reductions to selected fixed rates and trackers. This includes a two-year fixed rate product at 2.29% up to 75% LTV with a £995 product fee; and a two-year tracker at 1.89% up to 70% LTV with a £995 product fee.
Fee-saver products have also been improved, with a new three-year fixed rate at 2.59% up to 70% LTV with no fee, and a five-year fixed rate at 3.19% up to 70% LTV with no fee.
Commenting, Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We are pleased to announce these latest mortgage rate changes, which will help borrowers across a range of circumstances.”
