Virgin Money has reduced rates across its high-LTV residential, buy-to-let, and product transfer ranges, including Fix and Switch rates.
Available from tomorrow, selected two and five-year fixed rates at 90% and 95% LTV are reducing by up to 0.07%, now starting from 4.88% and 5.24% respectively.
90% & 95% LTV Fix and Switch rates have also reduced by up to 0.07%, starting from 5.32%. Fix and Switch offers borrowers the security of a five-year fixed rate with the flexibility of being able to switch to another product with no early repayment charge after just two years.
In addition, 90% LTV Own New rates are down by up to 0.06%, starting from 2.40%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.
In Virgin's buy-to-let range, selected two and five-year fixed rates with a 1% fee are down by up to 0.10%, starting from 4.39%, while two-year fixes with a £995 fee are also down by up to 0.10% to 4.79%.
Buy-to-let Fix and Switch rates are being reduced by up to 0.10%, starting from 5.10%.
For product transfers, selected residential two, three and five-year fixed rates at 65% LTV are down by up to 0.10%, starting from 4.19%, while selected buy-to-let two and three-year fixes are also decreasing by up to 0.10%.
As part of the changes, end dates will move to 1st May of the relevant year and Virgin is withdrawing selected exclusive buy-to-let Switch and Fix products at 60% and 75% LTV.
