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Virgin Money cuts rates by up to 0.80pc

Robyn Hall

February 17, 2015

The bank also has a 2-year fixed rate mortgage at 90% LTV now available at 3.44%, with no fee and a 3-year fixed rate buy-to-let mortgage at 75% LTV at 3.59%, with a £995 product fee and £500 cashback.

Virgin Money is also continuing to waive the £99 application fee on selected 65%, 70% and 75% LTV intermediary products.

Peter Rogerson, Virgin Money’s mortgage director, said: “Our refreshed mortgage product range continues to reinforce Virgin Money’s strong competitive position in the mortgage market.

“Following the announcement of our “intermediary promises” earlier this week, these latest changes clearly demonstrate that Virgin Money is committed to providing greater choice for intermediaries and their customers, along with great service.”

Other product highlights include a 2-year fixed rate Help to Buy mortgage at 90% LTV now available at 3.44%, with no fee and £300 cashback on new purchases. A 2-year fixed rate Help to Buy mortgage at 95% LTV now available at 4.68%, with no fee and £300 cashback on new purchases.

Key changes to the buy-to-let range include a new buy-to-let 2-year fixed rate at 60% LTV now available at 2.99%, with no product or application fee (minimum loan size £100k). A buy-to-let 3-year fixed rate at 75% LTV now available at 3.59%, with a £995 product fee and £500 cashback.

And a buy-to-let 5-year fixed rate at 75% LTV now available at 4.09%, with a £995 product fee and £500 cashback.


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