Reductions to selected Help to Buy Equity Loan and BTL rates

09 May 2017

On Tuesday 9 May, we made improvements to selected BTL fixed rate and tracker rate deals and selected 2 and 5 year fixed rate Help to Buy Equity Loan deals.

Summary of changes

Intermediary Exclusive Range

New Intermediary Exclusive fixed rates are now available at 50% LTV with a £1,995 fee:

• 2 Year Fixed Rate available at 1.24% (only available to remortgage customers, min £300k loan)
• 3 Year Fixed Rate available at 1.49% (only available to remortgage customers, min £300k loan)
• 5 Year Fixed Rate available at 1.69% (only available to remortgage customers, min £300k loan)

Core Range

Help to Buy Equity Loan Stamp Duty Buster rates have been reduced by up to 0.30%, including:

• 2 Year Fixed rate available at 75% LTV has been reduced to 2.60% with a £995 fee and £2,000 cashback for purchase customers

Selected BTL 2 and 5 year fixed and tracker rates have been reduced up to 0.28%, including:

• 2 Year Fixed Rate available at 60% LTV has been reduced to 1.74% with a £995 fee
• 5 Year Fixed Rate available at 75% LTV has been reduced to 3.14% with a £995 fee
• 2 Year Tracker Rate available at 75% LTV has been reduced to 2.19% with a £995 fee

We also launched new exclusive mortgage deals for existing Virgin Money Credit Card customers:

• 3 Year Fixed Rate available up to 65% LTV at 1.59% with a £495 fee
• 5 Year Fixed Rate available up to 65% LTV at 1.84% with a £495 fee

We also made increases to the following products:

• 2 Year Fixed Rate fee saver option available up to 95% LTV with £300 cashback has been increased to 3.99%
• 3 Year Fixed Rate fee saver option available up to 95% LTV with £300 cashback has been increased to 4.09%. 

Additional information

End dates will remain at 1 September of the relevant year. For full details of our product range please view the Mortgage Update.