News

Improvements to residential and BTL rates

05 February 2016

On Friday 5 February, we made improvements to some of our core residential and BTL deals, as well as reducing rates on selected intermediary exclusive products.

Summary of Changes:

Core range changes:

  • Selected 2 year fixed rates between 70% and 95% LTV have been reduced by up to 0.10%, with rates starting from 1.85%
  • Selected 3 year fixed rates between 65% and 95% LTV have been reduced by up to 0.24%, with rates starting from 1.99%
  • Selected 5 year fixed rates between 65% and 95% LTV have been reduced by up to 0.10%, including a market leading 2.24% product at 65% LTV.
  • Selected BTL 3 and 5 year fixed rates at 60% LTV have been reduced, including a 3 Year Fixed Rate at 3.04% up to 60% LTV with a 2.5% fee

Intermediary Exclusive changes:

  • 4 Year Fixed Rate at 75% LTV has been reduced by 0.11% to 2.58%, with a £995 fee
  • BTL 5 Year Fixed Rate at 50% LTV has been reduced by 0.10% to 2.99%, with a £1,995 fee

Additional Information:

End dates remain unchanged at 1 June of the relevant year.

Our Intermediary Exclusive products are available to intermediaries registered with Mortgage Clubs and Networks appointed to Virgin Money’s National Account panel. 

For full details of our new range, please view our latest Mortgage Update

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