Virgin Money has launched a new exclusive range of two and five-year remortgage products, as well as reducing rates across its purchase, remortgage, buy-to-let and product transfer ranges by up to 0.31%.
New two-year fixed rate remortgage products start from 4.59% at 60% LTV, 4.75% at 70% LTV and 5.17% at 80% LTV, all with a £995 fee. Fee-free rates are available at 4.95% up to 60% LTV and 5.00% up to 70% LTV.
Five-year remortgage rates start from 4.25% at 60% LTV, 4.39% at 70% LTV and 4.75% at 80% LTV, with fee-free equivalent rates from 4.35% at 60% LTV and 4.56% at 70% LTV.
The new intermediary-exclusive remortgage rates come with free valuations and legals, with existing two and five-year remortgage rates at 80% LTV reducing by up to 0.14%.
Elsewhere in Virgin's remortgage range, Fix and Switch rates will be reduced by 0.10%, selected fixed rates with a £995 fee are down by up to 0.23%, and fee-saver products are decreasing by up to 0.20%.
The largest reduction is to 75% LTV £1m+ fixed rates with a £1,995 fee, which have reduced by up to 0.31% and now start from 4.56%.
Across Virgin's purchase product range, 75% LTV £1m+ fixed rates have reduced by up to 0.30%, starting from 4.49%. Selected fixed rates with a £995 fee and with no fee have been trimmed by up to 10bps, alongside selected Own New and Retrofit Boost products which are also down by up to 0.10%.
For buy-to-let borrowers, rates have reduced by up to 0.10% including Fix and Switch, £2,195 fee, £995 fee and free-free products.
Finally, selected product transfer rates have reduced by up to 0.10%, with residential rates now starting from 4.27% and buy-to-let rates from 4.49%.
