Virgin Money is bringing out exclusive remortgage products and reducing remortgage, purchase, buy-to-let (BTL) and product transfer rates.
The lender is adding exclusive remortgage two-year fixed rates with free valuations and legals between 60% loan to value (LTV) and 80% LTV.
This includes its 60% LTV remortgage with a £995 fee at 4.59% and its fee-saver deal at 4.95%, while at 70% LTV, the £995 fee version is priced at 4.75% and its fee-free version is 5%.
The firm’s deal at 80% LTV with a £995 fee is 5.17% and its fee-saver deal has been cut by 0.14% to 5.55%.
Virgin Money is adding exclusive remortgage five-year fixed rates with free valuations and legals starting from 4.25%.
At 60% LTV, the £995 fee deal is 4.25% and its fee-free version is 4.35%. This goes up to 4.39% for a 70% LTV for the £995 fee version, and the fee-free offer is 4.56%.
Going up to 80% LTV, its exclusive remortgage deal with a £995 fee is 4.75%, and its no-fee deal will be reduced by 0.11% to 4.86%.
In its remortgage range, the lender’s Fix and Switch rates will be reduced by 0.1%, with rates starting from 4.89%.
Two- and five-year £1m-plus fixed rates with a £1,995 fee at 75% LTV will fall by up to 0.31%, with rates beginning from 4.56%.
Selected remortgage fixed rates with a £995 fee will be reduced by up to 0.23%, with rates starting from 4.32%.
Remortgage fixed rate fee-savers will be decreased by up to 0.2%, with rates beginning from 4.42%.
Within its purchase range, Virgin Money has cut selected Fix and Switch rates by 0.05%, with rates starting from 5.24%.
Purchase exclusive five-year fixed rates with a £995 fee will be lowered by 0.08%, with rates priced from 4.44%.
The lender’s two- and five-year fixed rates with a £1,995 fee at 75% LTV will be reduced by up to 0.3%, with rates beginning from 4.49%.
Selected purchase fixed rates with a £995 fee will be cut by up to 0.1%, with rates starting from 4.29%.
Selected purchase fixed rate fee-savers will be reduced by up to 0.1%, with rates priced from 4.44%.
Selected Own New fixed rates will be reduced by up to 0.1%, with rates starting from 0.84%, while the firm’s Retrofit Boost five-year fixed rates will be lowered by up to 0.1%, with rates beginning from 4.69%.
In its BTL range, Fix and Switch rates will be reduced by 0.1%, with rates starting from 4.94%. Five-year fixed rates with a £2,195 fee will be cut by 0.05% and pricing begins from 4.37%.
Selected BTL fixed rates with a £995 fee will be lowered by up to 0.1%, with rates starting from 4.74%. Fixed rate fee-savers will be reduced by up to 0.06%, with rates starting from 4.91%.
In its product transfer range, selected fixed rates will be decreased by up to 0.1%, with rates starting from 4.27%. Selected BTL fixed rates will be reduced by up to 0.1%, with rates priced from 4.49%.
Virgin Money last lowered rates last week.
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.
