Virgin Money reduces 90% LTV resi rates

Jake Carter

February 22, 2021

cut rates rate

Virgin Money has reduced mortgage rates on products up to 90% LTV within its residential range which are effective from Tuesday 23 February.

Notable reductions include the 90% LTV 5-year fee-saver by 0.07% to 3.62%, and the 90% LTV 5-year fix by 0.05% to 3.41%.

Both deals are for first-time buyers only and the latter includes a £995 fee.

Within the lender’s shared ownership residential range, the 90% LTV 5-year fee-saver product has been reduced by 0.31% to 3.78%.

In addition, the 85% LTV 5-year fee-saver offering has been cut by 0.02% to 3.77%.

The 85% LTV 2-year fix has been cut by 0.10% to 2.69%.

This product is for new business only, includes a £995 fee and offers £1,000 cashback.

Furthermore, for product transfers, the 75% LTV 5-year fix has been reduced by 0.01% to 1.68%, and the 90% LTV 5-year fix by 0.27% to 3.59%.

Both deals include a £995 fee, and the former offering is for residential only, while the latter is exclusive to shared ownership.

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