Virgin Money has launched a range of new purchase exclusives and a new range of professional purchase and remortgage exclusives.
New purchase exclusives with £500 cashback include two-year fixed rates from 4.57% at 65% LTV with a £1,295 fee or 4.89% fee-free. Two-year fixes at 75% LTV start from 4.62% with a fee or 4.99% fee-free, while 90% LTV two-year fixes have launched at 4.97% and 5.32% respectively. In addition, a five-year fixed rate at 90% LTV is available at 4.48% with a £1,295 fee or 4.82% fee-free.
Virgin has also launched exclusive rates for applicants who are fully qualified and employed in one of the following occupations: Accountant, architect, barrister, chartered surveyor, engineer, financial adviser, medical, pilot, police officer, solicitor, teacher or vet.
Available for purchase and remortgage with no fees, two-year fixed rates start from 5.22% at 75% LTV, 5.77% at 85% LTV, and 5.85% at 90% LTV. Five-year fixes start from 4.90% at 70% LTV, 4.99% at 85% LTV, and 5.15% at 90% LTV.
As part of the changes, Virgin has reduced selected rates across its existing range.
Purchase exclusives will be reduced by up to 0.23%, with rates starting from 4.19%, while remortgage exclusives with a 1% fee have decreased by up to 0.25%, now starting from 4.34%.
£1m+ purchase and remortgage exclusives have decreased by up to 0.21%, starting from 4.77%.
Buy-to-let exclusives are down by up to 0.20%, with the lowest rate now at 4.32%.
Finally, product transfer residential fixed rates have been cut by up to 0.74%, with rates from 3.92%.
