Virgin Money refreshes range with stamp duty specials

Ryan Bembridge

January 4, 2016

Virgin Money has refreshed its range with ‘stamp duty special’ mortgages and by cutting residential and new build rates.

To 95% LTV buyers can take out a 2-year fix at 4.29% and a 5-year fix at 4.79%.

The products, which are designed to help first-time buyers pay for stamp duty, come with £1,500 cashback and no product fee.

Peter Rogerson, Virgin Money’s commercial director for Mortgages, said: “We are kick-starting the New Year with a refreshed mortgage range designed to help even more first time buyers on to the property ladder with lower rates and cashback specials to assist with stamp duty payments. There are also rate reductions for Help to Buy customers.”

Virgin also reduced its new build intermediary exclusive range, as its 2-year fix stands at 2.05% to 85% LTV with a £995 product fee and £500 cashback.

The lender’s Help to Buy Equity Loan 5-year fixes meanwhile have been cut to 2.68% to 75% LTV with a £995 product fee or 2.83% with no product fee, both with £500 cashback.

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