Virgin launches new purchase and remortgage exclusives

Virgin Money has announced the launch of new broker exclusive products and has reduced rates across its existing purchase and remortgage ranges by up to 0.25%.

The lender has launched two new remortgage exclusives at 75% LTV, with a two-year fixed rate at 4.18% and a five-year fix at 4.09%, both with a £995 fee.

New purchase exclusives at 85% LTV include a two-year fix at 4.19% and five-year fix at 4.24% with a £995 fee.

In its existing range, Virgin has reduced selected two and five-year fixed rate purchase products by up to 0.25%, including fee-free products.

A 95% LTV shared ownership two-year fixed rate has reduced by 0.07%, selected Own New rates are down by up to 0.15%, and Retrofit Boost five-year fixes are also decreasing by up to 0.15%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.

In Virgin's remortgage range, two and five-year fixed rates have reduced by up to 0.16% and Retrofit Boost rates are down by up to 0.15%.

In addition, selected product transfer rates have reduced by 0.10%, with a two-year fix at 65% LTV down to 3.74% with a £1,995 fee. At 80% and 85% LTV, two and three-year fixed rates with a £995 fee have reduced to 4.53% and five-year fixes now start from 4.29%.