Virgin Money revises selected mortgage rates

Nia Williams

June 16, 2015

It has launched five-year fixed rate options for its remortgage customers, offering 2.34% at 70% LTV (£1,495 product fee) and 2.94% at 80% LTV (£495 product fee).

The lender has also announced a number of improvements to its residential and buy-to-let mortgage range.

Its intermediary exclusive two-year fixed rate has been reduced by 0.10% to 1.39% (£995 product fee) and Virgin Money will waive the £99 application fee on this product.

Many residential fixed rates have been reduced by up to 0.16%, and its buy-to-let rates have been reduced by up to 0.30%.

Peter Rogerson, Virgin Money’s commercial director for mortgages said: “We’re delighted to announce these latest improvements to our mortgage range, reducing rates on both our residential and buy-to-let products.

“In line with the commitments we announced earlier in the year, our intermediary partners have access to all products across our range and we are pleased to announce a further rate reduction on one of our most popular intermediary exclusive deals.”

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