Virgin Money has announced a raft of improvements to selected BTL and Help to Buy equity loan deals.
New intermediary exclusive fixed rates are now available at 50% LTV with a £1,995 fee, including:
• Two-year fixed rate available at 1.24% (only available to remortgage customers, min £300k loan)
• Three-year fixed rate available at 1.49% (only available to remortgage customers, min £300k loan)
• Five-year fixed rate available at 1.69% (only available to remortgage customers, min £300k loan).
Virgin reduced its Help to Buy equity loan stamp duty buster rates by up to 0.3%, including:
• Two-year fixed rate available at 75% LTV has been reduced to 2.6% with a £995 fee and £2,000 cashback for purchase customers.
Meanwhile, selected BTL two- and five-year fixed and tracker rates were reduced by up to 0.28%, with changes including:
• Two-year fixed rate available at 60% LTV has been reduced to 1.74% with a £995 fee
• Five-year fixed rate available at 75% LTV has been reduced to 3.14% with a £995 fee
• Two-year tracker rate available at 75% LTV has been reduced to 2.19% with a £995 fee.
Virgin also launched new exclusive mortgage deals for existing Virgin Money Credit Card customers, offering:
• Three-year fixed rate available up to 65% LTV at 1.59% with a £495 fee
• Five-year fixed rate available up to 65% LTV at 1.84% with a £495 fee.
Additional product changes include:
• Two-year fixed rate fee saver option available up to 95% LTV with £300 cashback has been increased to 3.99%
• Three-year fixed rate fee saver option available up to 95% LTV with £300 cashback has been increased to 4.09%.
End dates will remain at 1st September of the relevant year.
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