Summary of changes

Core Range

Selected fixed rate products will be reduced, including:

  • 2 Year Fixed Rate fee saver option at 90% LTV will be reduced to 2.44% with £300 cashback for purchase customers
  • 3 Year Fixed Rate fee saver option at 85% LTV will be reduced to 2.23%
  • 5 Year Fixed Rate fee saver option at 90% LTV will be reduced to 2.95% with £300 cashback for purchase customers
  • 5 Year Fixed Rate at 90% LTV will be reduced to 2.72% with a £995 fee with £300 cashback for purchase customers (£500 cashback for first time buyers)

These products all come with free valuations and legals for remortgage customers.

As communicated on Wednesday, we will also amend the following products:

  • 2 Year Fixed Rate fee saver option at 95% LTV will increase to 4.08% (only available to purchase customers)
  • 3 year tracker rates from 65% to 85% LTV will be withdrawn
  • All BTL fixed and tracker rates with 2.0% and 2.5% product fee options will be withdrawn

Additional information

End dates will remain at 1 January of the relevant year across all products.

 

 

For full details of our new mortgage range, please view our Mortgage Update. For any queries please talk to your dedicated Business Development Manager or contact your dedicated Regional Service Team.
Yours sincerely
The Virgin Money Intermediary Team