Red Friday offers from Virgin Money

25 November 2016

We are excited to announce Virgin Money’s Red Friday deals. On Friday 25 November, we launched a new Intermediary Exclusive 5 Year Fixed Rate and made reductions to some existing products.

These Red Friday Intermediary Exclusives are a big “Thank you” from Virgin Money for all of your support in 2016. They are only available for a limited time so ensure you submit your applications as soon as possible so your customers can be in with a chance of completing by Christmas.

Summary of changes

Complete by Christmas:

• NEW Intermediary Exclusive 2 Year Fixed Rate at 65% LTV has been reduced to 1.24% with a £995 fee (free legal work and valuations for remortgage customers and £300 cashback for purchase customers)

• NEW Intermediary Exclusive 5 Year Fixed Rate at 65% LTV launched at 1.83% with a £995 fee (free legal work and valuations for remortgage customers and £300 cashback for purchase customers)

Supporting Buy to Let landlords:

• NEW Intermediary Exclusive BTL 2 Year Fixed Rate at 60% LTV has been reduced to 1.59% with a £1,995 fee and £500 cashback for purchase and remortgage customers

Selected BTL Fixed rates with a £1,995 fee and £500 cashback have been reduced:

• 2 Year Fixed Rate at 75% LTV has been reduced to 2.04%
• 5 Year Fixed Rate at 60% LTV has been reduced to 2.48%

Selected BTL fee saver and percentage fee rates have been reduced:

• 2 Year Fixed Rate fee saver option at 75% LTV has been reduced to 3.29%
• 5 Year Fixed Rate at 60% LTV with a 2.5% fee has been reduced to 2.99%

Supporting New Build customers:

• 5 Year Fixed Rate Help to Buy Equity Loan deal available at 75% LTV has been reduced to 2.39% with a £995 fee and £500 cashback for purchase customers

Additional Information

End dates have been extended to 1 April of the relevant year for all our products.

For full details of the updated range, please view the latest Mortgage Update.