Virgin reduces mortgage rates and launches new green shared ownership range

Virgin Money has launched a number of new mortgage products, including a 'greener' new build shared ownership range and exclusive buy-to-let remortgages. It is also reducing rates across its existing product range by up to 0.13%.

Its new shared ownership greener new build range features two and five-year fixed rates between 85% and 95% LTV, starting from 4.42% with £995 fee and fee-free options. 

Virgin has also launched a new 10-year fixed rate product available for purchase and remortgage, available at 4.72% up to 75% LTV with no fee.

In its exclusive range, Virgin has launched a range of buy-to-let remortgage products with free valuation and £300 cashback. Two-year fixed rates start from 3.49% and five-year rates from 3.99%.

In addition, Virgin has launched new five-year fixed rate product transfer options with a £1,995 fee, starting from 4.04% at 65% LTV and 4.17% at 75% LTV.

Alongside the new products, Virgin has reduced selected purchase, remortgage and buy-to-let rates by up to 0.13%.

In its purchase range, 80% LTV two and five-year fixed rates and shared ownership fixed rates have seen the largest reductions.

Buy-to-let two-year fixed rates between 60% and 75% LTV have reduced by up to 0.10%.

In Virgin's product transfer range, two and three-year fixed rates have reduced by up to 0.13%, now starting from 4.15%, while buy-to-let two and three-year product transfer rates with no fee have reduced by 0.10%.