Virgin Money 95% LTV fixed rates from 3.99%

14 May 2021

We’ve got great news with the launch of our new 95% LTV mortgages and improvements to our 90% LTV criteria.

Our new 95% LTV mortgage range

• 5 Year Fixed Rate fee saver at 3.99%
• 10 Year Fixed Rate fee saver at 4.19%
• 15 Year Fixed Rate fee saver at 4.39%

They’re available with £300 cashback on purchases (£500 for first-time buyers) or free valuation and free legals on remortgages and are fully portable. These deals may be withdrawn at any time without our usual notice.

Our 95% LTV mortgages are offered through the Government’s Mortgage Guarantee Scheme and are available to the following application types:

• Purchase or remortgage
• Maximum property value of £600k
• Up to a maximum term of 30 years
• Property types: houses, flats and maisonettes

Flats and maisonettes must be in buildings with four storeys or fewer and must not be ex-local authority or ex-MoD. We’re unable to accept applications for capital raising during a remortgage or for new build properties.

To qualify for the Scheme, applicants must not have an interest in another property and this must be verified by completing a Mortgage Guarantee Scheme Customer Declaration.

Helping more customers with our 90% LTV mortgages

We’ve increased the availability of our 90% LTV mortgages:

• Maximum term has increased from 30 to 35 years
• Maximum property value has increased from £500k to £600k
• We now accept flats and maisonettes

Flats and maisonettes must be in buildings with four storeys or fewer and must not be ex-local authority or ex-MOD.

The end dates have moved to 1 October of the relevant year across all our products.

You can find our current rates in our Mortgage Update.