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Virgin Money cuts rates up to 0.4pc

Robyn Hall

July 31, 2014

Peter Rogerson, Virgin Money savings and mortgages director, said: “We’re delighted to make these rate reductions across our mortgage range which is beneficial for all types of borrower. The rate reductions show that Virgin Money remains committed to supporting all key areas of the mortgage market.”

Key changes include:

Improvements for customers with smaller deposits

• 2-year fixed rate at 3.15% up to 85% LTV with a £995 product fee – a reduction of 0.08%

• 2-year fixed rate at 5.39% up to 95% LTV with no product fee – a reduction of 0.20%

Improvements for customers with larger deposits

• 5-year fixed rate at 3.49% up to 75% LTV with no product fee – a reduction of 0.15%

Buy-to-let rate reductions

• 2-year fixed rate at 2.75% up to 60% LTV with a £1,995 product fee – a reduction of 0.24%

• 3-year fixed rate at 3.49% up to 60% LTV with a £995 product fee – a reduction of 0.30%

• 2-year fixed rate at 3.19% up to 70% LTV with a 2.0% product fee – a reduction of 0.40%


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