Virgin Money cutting rates tomorrow

Sarah Davidson

August 15, 2012

The 2-year fixed rates at 60% LTV will be available to both purchase and remortgage customers at 2.89% with a product fee, or 3.29% with no product fee.

As with all other products in the core range, customers remortgaging from another lender will benefit from free standard legal services and a free basic valuation.

Meanwhile 2-year, 3-year and 5-year fixed rates will be reduced across the 60% and 70% LTV tiers.

Selected 2-year and 3-year trackers will also be reduced by up to 0.26%.

Cashback of up to £300 also remains available on a selection of residential purchase products.

The lender’s buy-to-let 2-year fixed rate at 60% LTV with a product fee of £1,995 will be reduced by 0.20% to just 3.79%.

The buy-to-let range continues to offer cashback of £500 across all products.

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