Virgin Money reduces rates on high LTV range

Jessica Nangle

January 25, 2021

Virgin Money is reducing rates on its high LTV core residential range and has released exclusive rate reductions.

Virgin Money’s 90% LTV first-time buyer fixed rates will be reduced by up to 0.20% and a series of 85% LTV products, both 2 and 5-year, have seen rate reductions.

Key highlights include reducing their 85% LTV 2-year £995 fee product by 0.04% to 2.79% and the 85% LTV 5-year fee saver offering by 0.13% to 3.16%.

Virgin Money are also reducing their first-time buyer 90% LTV 5-year £995 fee product by 0.03% to 3.46%.

Exclusive rate reductions include their first-time buyer 90% LTV 2-year £995 fee offering by 0.15% to 3.29% and the 90% LTV 2-year fee saver by 0.20% to 3.49%.

Virgin Money have let brokers know about the changes which will be effective from Tuesday 26 January.

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