Product launches and rate changes from Virgin Money Mortgage Strategy

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Virgin Money is confirming new product launches as well as changes to a number of its current products from 8pm on 11 July.

In its exclusive and core products, 65% LTV two-year Freedom to Fix tracker will be reduced by 0.02%, starting from 5.23%.. Two- year fixed rates will be increased by 0.35%, starting from 6.26% and three- year fixed rates will be increased by 0.35%, starting from 6.11%.

In addition, five-year fixed rates will be increased by up to 0.30%, starting from 5.53%.

Buy-to-let  fixed rates will be increased by to 0.35%, starting from 5.36%.

On product transfers, fixed rates will be increased by to 0.40%, starting from 5.18%; and buy-to-let  fixed rates will be increased by up 0.40%, starting from 5.53%.

Brokers  applying for one of these products are advised to send applications in as soon as possible.

Virgin is also launching remortgage exclusives including a new 70% LTV two-year  Freedom to Fix Tracker with £995 fee, starting from 5.29%.

Also a new BTL 75% LTV 5 Year Fixed Rate with £2,195 fee will be launched starting from 5.83%.


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