Virgin cuts rates

Sam Cordon

July 23, 2013

Virgin’s 2-year Everyday fixed-rates are now available from 2.13% for up to 60% loan to value with a £995 product fee.

Selected fee saver options have been reduced by up to 0.66% and are available from 2.49% for up to 60% LTV and 2.59% for up to 70% LTV.

Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We are delighted to announce these improvements to our mortgage range, which will support borrowers in a range of situations: from the existing borrower remortgaging their property, to someone buying a house with a smaller deposit, and landlords buying a property to rent out.

“We remain committed to offering attractive products and putting our customers at the heart of all we do.”

Other changes to the range include the launch of two new Everyday fixed rate products at 3.05% for up to 80% LTV and 3.49% for up to 85% LTV and the launch of a new buy-to let product which is fixed for 2-years at 2.99% with a 2.5% product fee and £750 cashback.

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