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Virgin Money reintroduces 95% LTV shared ownership offers

Jake Carter

June 4, 2021

95 ltv Mortgage Guarantee

Virgin Money has reintroduced 95% loan-to-value (LTV) shared ownership products, as well as making a series of rate reductions.

The shared ownership offering is available on a 2 or 5-year term, with rates starting from 4.04%.

It has also added a 95% LTV 2-year fix fee saver product at 3.79%.

Notable reductions include the 85% LTV 2-year fix, cut to 2.40%, and the 85% LTV 5-year fix, reduced to 2.70%; both deals include a £995 fee and £1,000 cashback.

Within its core range, the lender has reduced the 95% LTV 5-year fix to 3.95%, and the 65% LTV 5-year fix fee saver to 1.48%.

Selected 85% LTV fixed rate offers, including green options, have been reduced by 0.07%.

As well as this selected HTBEQL 75% LTV fixes, also including green options, have been reduced by 0.16%, and selected buy-to-let fixed rates have been cut by 0.50%.

For product transfers, the 95% LTV shared ownership 5-year fix has been decreased to 4.14%, and the 85% LTV 2-year fix has been cut to 2.38%, with the latter offering including a £995 fee.

Following recent IR35 rule changes, Virgin Money has confirmed that it will accept contracts that fall within IR35 rules, as well as contract income received via a payroll services (umbrella) company.


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