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Virgin Money reduces mortgage rates

20th August 2013 Print

Virgin Money has announced a number of changes to its mortgage range. The updated range will be available to purchase and remortgage customers from 21 August 2013.
 
Key residential changes
 
Two-year fixed rates

60% LTV with a £995 product fee reduced to 2.04%
60% LTV Fee Saver Option reduced to 2.45%
80% LTV reduced to 2.85% with a £995 product fee - with £300 cash back for purchase customers
 
Three-year fixed rates
70% LTV reduced to 2.29% with a £995 product fee
80% LTV reduced to 3.25% with a £995 product fee - with £300 cash back for purchase customers
85% LTV reduced to 3.69% with a £995 product fee - with £300 cash back for purchase customers
 
Tracker range
Two-year trackers up to 70% LTV reduced to 2.04% with a £995 product fee
Two-year trackers up to 80% LTV reduced to 2.85% with a £995 product fee
Three-year trackers up to 80% LTV reduced to 3.25% with a £995 product fee
 
Key buy-to-let changes
New two-year intermediary exclusive fixed rate available at 2.99% (60% LTV, £2,495 product fee)
Two-year fixed rates up to 60% LTV reduced to 3.38% (£1,995 product fee)
Cashback of £750 remains available across the buy-to-let range (excluding intermediary exclusives)
 
Peter Rogerson, Commercial Director for Mortgages and Savings at Virgin Money said: "We are pleased to support borrowers with these lower rates for residential mortgage customers.  We are also continuing to help buy-to-let customers, and were delighted when our support for this segment was recognised this week in winning Best Buy-to-Let Mortgage Provider in the 2013 What Mortgage Awards."

For more information, visit virginmoney.com.