Virgin launches new exclusives and cuts buy-to-let rates by up to 1.50%

Virgin Money has announced the launch of new exclusive purchase and remortgage deals across its residential and buy-to-let ranges. In addition, Virgin has refreshed its buy-to-let rates with reductions of up to 1.50%.

Exclusive two-year fixed rate purchase products start from 4.44% at 65% LTV, 4.49% at 75% LTV, 4.59% at 85% LTV, and 4.90% at 90% LTV. All products come with a £1,495 fee and free valuation.

Virgin has also launched new exclusive residential rates with £1,000 cashback and free valuation. Two-year fixed rates start from 4.78% at 75% LTV, 4.90% at 85% LTV, and 5.25% at 90% LTV. A three-year fix is also available at 4.74% up to 85% LTV. All products come with a £995 fee.

Virgin has also refreshed its buy-to-let range with new remortgage deals for portfolio landlords and reduced rates.

Exclusive two-year fixed rate remortgage products start at 4.73% at 50% LTV and 4.83% at 60% LTV. Five-year fixed rates are available from 4.64% at 50% LTV and 4.69% at 60% LTV. All products come with a £3,995 fee.

Across its core buy-to-let range, selected fixed rates have reduced by up to 0.89% and selected product transfer rates have reduced by up to 1.50%.

In addition, Virgin has increased residential remortgage exclusives by up to 0.25%, now available from 3.99%.

Richard Walker, head of intermediary sales at Virgin Money, said: “Our new range of short term exclusive rates now offer even more options for those looking to purchase a new home, whether a home-mover or a first time buyer. We remain supportive of those with smaller deposits with 90% LTV two-year fixed rates starting from 4.90%."