Virgin Money has brought out a range of exclusive purchase, remortgage and buy-to-let (BTL) products and will withdraw select deals.
The new products will be available from 6 September and come with a free valuation, including exclusive purchase Fix and Switch deals with two-year early repayment charges (ERCs), with pricing starting from 4.93%.
This includes a five-year fixed rate with a £1,495 fee at 90% loan to value (LTV) at 5.19%, and its fee-free deal is priced at 5.44%.
The range also has a fee-saver five-year fixed rate at 80% LTV at 4.93%, and at 95% LTV, the fee-free deal is 5.73%.
Virgin Money is adding exclusive remortgage Fix and Switch fee-savers with two-year ERCs, with a five-year fixed rate at 75% LTV at 4.85%. At 85% LTV, it is 5.39%.
The lender is releasing exclusive BTL Fix and Switch products with a £495 fee and two-year ERCs. Examples include a five-year fixed rate at 60% LTV at 4.85% and 4.99% at 75% LTV.
New products also include exclusive BTL Fix and Switch fee-saver with two-year ERCs. This covers a five-year fixed rate at 60% LTV at 5.12%, and it is 5.22% at 75% LTV.
Virgin Money is also adding five-year exclusive BTL portfolio Fix and Switch products with a £495 fee and two-year ERCs. At 60% LTV, the rate is 5.05%, and at 75% LTV, the price is 5.19%.
The fee-free versions are priced at 5.32% at 60% LTV and 5.42% at 75% LTV.
These products are available with a free valuation for purchase customers. Remortgage customers will receive a free valuation, plus £250 cashback.
Virgin Money is also withdrawing all existing Fix and Switch five-year fixed rates and all 70% LTV exclusive remortgage fixed rates at 8pm today.
Brokers should send applications for the withdrawn products by 8pm today.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
