Virgin cuts residential and buy-to-let rates and launches new exclusives
Shared ownership rates have seen the largest reductions.
Virgin Money has launched new broker exclusive purchase mortgage products and reduced rates across its shared ownership, buy-to-let and product transfer ranges.
In its new exclusive range, 75% LTV five-year fixed rates have launched from 4.09% with an £895 fee and 4.22% fee-free.
Additionally, its existing 80% LTV two-year fixed rate exclusives have decreased by up to 0.08%, now starting from 4.24% with an £895 fee and 4.44% fee-free.
In its residential purchase range, selected shared ownership rates have reduced by up to 0.17%, starting from 4.25%.
Selected two and five-year fixed rate buy-to-let products have reduced by up to 0.15%, now starting from 3.29% with a 3% fee, 4.12% with a 1% fee, and 4.14% with a £2,195 fee.
60% LTV two and five-year buy-to-let rates with a £995 fee are down by up to 0.10%, starting from 4.29%.
In Virgin's product transfer range, selected residential fixed rates at 65% and 75% LTV have reduced by up to 0.07%, with two and five-year buy-to-let rates down by up to 0.10%.
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