Virgin Money has cut selected rates by up to 12 basis points and launches a range of BTL portfolio exclusives.
Highlights of its changes include:
Purchase exclusives, with a free valuation and a £1,295 fee
- 75% loan-to-value two-year fixed-rate deals will be reduced by 10bps to 5.60%
- 65% LTV five-year fixed-rate deals will be reduced by 6bps to 5.07%
- 65% LTV two-year fixed-rate deals will be reduced by 5bps to 5.60%
Purchase fixed-rate fee-savers
- 75% LTV two-year fixed-rate deals will be reduced by 12bps to 5.87%
- 65% LTV two-year fixed-rate deals will be reduced by 10bps to 5.87%
- 65% LTV five-year fixed-rate deals will be reduced by 9bps to 5.19%
- 85% LTV two-year fixed-rate deals will be reduced by 7bps to 6.22%
BTL portfolio exclusives, with a £2,195 fee
- 50% LTV two-year fixed-rate offers will be launched at 6.06%
- 60% LTV two-year fixed-rate offers will be launched at 6.15%
- 75% LTV two-year fixed-rate offers will be launched at 6.18%
- 50% LTV five-year fixed-rate offers will be launched at 5.62%
- 60% LTV five-year fixed-rate offers will be launched at 5.67%
- 75% LTV five-year fixed-rate offers will be launched at 5.82%
The lender adds that its selected product transfer fixed-rate loans will be cut by up to 10bos, with rates starting at 5.18%.
