Virgin Money launches new 7 day specials and cuts mortgage rates

The lender has reduced rates across its intermediary exclusive, core and product transfer ranges by up to 0.18%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
16th July 2024
Virgin Money

Virgin Money has launched new 7 day special mortgage products and reduced rates across its existing range by up to 0.18%.

New 7 day specials are available until 8pm on Monday 22nd July and include five-year fixed rates from 4.46% at 80% LTV and 4.75% at 90% LTV, both with a £995 fee and free valuation. A five-year remortgage product has also launched at 4.40% up to 75% LTV with a £995 fee.

Virgin has also reduced rates across its intermediary exclusive, core and product transfer ranges by up to 0.18%.

In its intermediary exclusive range, rates have reduced by up to 0.12%.

Five-year fixed rate residential products have reduced to 4.63% at 75% LTV and 4.65% at 80% LTV, both fee-free. A five-year fixed rate remortgage product has also reduced by 12bps to 4.65% with no fee.

Exclusive buy-to-let products have reduced by up to 12bps, including two and five-year fixes with a 3% fee and five-year fixed rates with a £2,195 fee, alongside two-year fixes at 60% LTV and Retrofit Boost five-year fixed rates.

In Virgin's core range, 90% and 95% LTV five-year fixed rate purchase products have reduced, while product transfer two and three-year fixed rates have decreased by up to 0.10% and product transfer five-year fixed rates down by up to 0.18%.

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