Virgin Money has announced rate cuts of up to 0.15% across its mortgage range, including residential purchase and remortgage, buy-to-let, and product transfer deals.
In the exclusive residential purchase range, 80% LTV rates have dropped by up to 0.08%. Two-year fixed rates now start at 4.29% with a £995 fee or 4.52% with no fee, while five-year fixes begin at 4.25% and 4.36%, respectively.
Remortgage options at 80–90% LTV have also been reduced, with two-year fixes down by up to 0.15%, now starting from 4.63%. Five-year fixed rates in the same LTV band now start at 4.39%.
In the buy-to-let category, selected two- and five-year fixed rates with a 1% fee have dropped by up to 0.10%, starting at 4.20%. Options with a £995 fee have also been cut by up to 0.10%, starting from 4.39%. Additionally, 75% LTV fee-saver products are now available from 4.60%, down by as much as 0.10%.
Virgin’s Fix and Switch buy-to-let products have also seen a 0.10% reduction, starting from 4.80%. These deals offer a five-year fixed rate with the flexibility to switch after two years without an early repayment charge.
For existing customers, residential product transfer rates are down by up to 0.16%. Two-year fixes start from 4.04%, three-year rates from 4.14%, and five-year deals from 4.01%.
Buy-to-let product transfer rates have been reduced by up to 0.10%, with two-year fixes from 4.00%, three-year options from 4.19%, and five-year deals from 4.09%.
