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Virgin Money slashes rates

Sarah Davidson

July 21, 2014

Its 2-year fixed rate product at 85% LTV will stand at 3.23% with a £995 product fee, owing to a reduction of 0.25%.

Both Virgin’s fee-less 90% LTV 2-year and 3-year fixed rates will be reduced by 0.20%, with the former falling to 4.29% and the latter to 4.68%.

On its buy-to-let products 2-year fixed mortgages will fall by 0.10% to 2.99% up to 60% LTV fee, while its 3-year fix will fall by 0.40% to 3.19% at 60% LTV. Both products come with a £1,995 fee.

Its 80% LTV 2-year fix will be available from 2.78%, while its 5-year fix at 70% LTV will stand at 3.29%, both with a £995 product fee.

Peter Rogerson, Virgin Money savings and mortgages director, said: “We’re delighted to make these changes to our mortgage products.

“The range has something for everyone, and the rate reductions are particularly beneficial for people with smaller deposits and buy-to-let investors.”

Several 2-year tracker rates with £995 fees will also be reduced by 0.40%, as up to 60% LTV they will stand at 2.69% while at 75% LTV they will fall to 3.39%.

On its buy-to-let intermediary exclusive rates 2-year fixes will stand at 2.79% at 60% LTV with a £1,995 fee, while another product is 2.99% at 60% LTV with a £1,495 fee.


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