Virgin Money has announced a fresh round of rate cuts across its residential purchase and remortgage ranges.
In its range of purchase exclusives with £500 cashback, two-year fixed rates have reduced by up to 0.16% with a £1,295 fee and now start from 4.47%, while fee-free rates are down by up to 0.30% and now start from 4.79%. Five-year fixes have reduced by 27bps to 3.92% with a fee and by 35bps to 4.25% fee-free.
In its exclusive professional range with £300 cashback, two-year rates have decreased by up to 0.80%, starting from 4.87%, while five-year fixes now start from 4.26% after cuts of up to 0.64%.
Two-year fixed rate remortgage exclusives with a 1% fee have reduced by 10bps and now start from 4.24% at 60% LTV and 4.39% at 70% LTV.
In Virgin's product transfer range, 65% LTV two and five-year fixed rates with a £1,495 fee have been trimmed by 0.04%, starting from 3.88%. 65% and 75% LTV two, three and five-year fixed rates with a £995 fee are down by up to 0.09%, now starting from 3.93%.
The latest round of rate cuts come in the same week as Virgin launched new purchase exclusives and professional rates.
