Virgin Money reduces rates

Ryan Fowler

September 2, 2016

Help to buy

Virgin Money has updated its mortgage range with a number of rate reductions across its core residential, buy-to-let and Help-to-Buy ranges.

Two year fixes start at 1.44% up to 65% loan-to-value for residential products, 3.79% for a 2-year Help-to-Buy Guarantee fix and 2.19% for a 2-year buy-to-let fix. Five year fixes range from 1.99% to 4.39% depending on the product.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We are delighted to be making a number of improvements across our residential, Help-to-Buy and Buy-to-let product ranges. After reporting a strong performance for the first six months of 2016, we remain focused on supporting our intermediary partners – and we believe this new range will be very popular with their customers.”

PRA upholds 5.5% buy-to-let stress test

The new range goes live today.