Virgin Money to withdraw all exclusive fixed rates | Mortgage Strategy

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Virgin Money has announced all exclusive fixed rates will be withdrawn at 8pm on 15 June.

For its core range, the lender has also increased all fixed rate fee-saver products by 0.20%, with the exception of its 65% loan-to-value (LTV) two-, three- and five-year fixed rate fee-saver products which will rise by 0.10%. 

The core residential purchase and remortgage 90% LTV two-year fixed rate fee-saver will increase to 3.29% while the five-year will go up to 3.44%.

Meanwhile, the core buy-to-let purchase and remortgage 75% LTV five-year fixed rate fee-save will rise to 3.29%. 

The core residential product transfer 65% LTV two-year and five-year fixed rate fee-saver will increase to 2.99%. 

Last week, Virgin Money also announced changes to its mortgage variable revert rates.

The changes were made after the Bank of England (BoE) increased the base rate by 25 basis points to 1% on 5 May.


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