Message from Virgin Money
On Wednesday 2 December, we will improve our mortgage range by reducing rates on core residential products. In addition, selected BTL Intermediary Exclusive deals with £750 cashback will be offered to both direct customers and intermediaries as part of the core BTL range.
Summary of changes:
Core Changes:
- Selected 2, 3 and 5 year fixed rates between 85% and 95% LTV will be reduced by up to 0.36%
- Selected 2 and 3 year tracker rates at 75% and 80% LTV will be reduced, with rates starting from 2.39%
- 2 Year Fixed Rate available at 85% LTV will be increased from 2.04% to 2.08% with a £995 fee (£300 cashback for purchase customers)
- Selected BTL 2 and 5 year fixed rates between 60% and 75% LTV will be reduced by up to 0.35%
- Selected BTL 2 year tracker rates between 60% and 75% will be reduced by up to 0.34%
We will be extending our £750 cashback offer to selected products in our BTL range for a limited time period only.
Exclusive Changes:
- 2 Year Fixed Rate at 80% LTV will be increased by 0.02% from 1.97% to 1.99% with a £995 fee (£300 cashback for purchase customers)
Additional Information:
The £99 application fee remains waived from all residential products for a limited period.
All other product features including end dates, remain unchanged.
Outgoing products will be available until 8pm on Tuesday 1 December, with the new core range available shortly after. New intermediary exclusive deals will be available from 8am on Wednesday 2 December.
Our Intermediary Exclusive products are available to intermediaries registered with Mortgage Clubs and Networks appointed to Virgin Money’s National Account panel.
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