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Virgin Money reduces rates

Robyn Hall

January 14, 2013

Pete Ball, Virgin Money product and commercial director, said: “We’re delighted to be able to start the year by reducing rates across our mortgage range, which customers with both smaller and larger deposits can benefit from.

“Our intention in 2013 is to continue to grow the business, supporting mortgage customers across the market.”

The updated range is available from 15 January 2013 with rate reductions across all LTV bands to support customers in a range of circumstances.

90% LTV changes:

• 2-year fixed rates available at 4.65% – a reduction of 0.34%

• 3-year fixed rates available at 4.99% – a reduction of 1.20%

• 5-year fixed rates also available at 4.99% – a reduction of 1.30% – offering customers the opportunity to fix their rate for five years at the same cost as a 3-year product

85% LTV changes:

• 2-year fixed rates available at 3.94% – a reduction of 0.15%

• 3-year fixed rates available at 4.15% – a reduction of 0.94%

• 5-year fixed rates available at 4.29% – a reduction of 0.90%

60% LTV changes:

• 2-year fixed rates available at 2.49% – a reduction of 0.15%

• 2-year trackers available at 2.55% – a reduction of 0.20%

A £995 product fee is payable on these products.


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