First-time Buyers
Virgin Money cuts rates by up to 0.3%
Virgin Money is reducing a number of interest rates in its residential mortgage range. The updated range will be available from Thursday 22 November 2012.
Its two-year fixed rates up to 75% LTV have been reduced by 0.16% to 3.29%, with loans up to 60% LTV available at 2.68%, both with a £995 product fee.
A two-year tracker with a £995 product fee offered at up to 75% LTV will be reduced by 0.16%, to 3.29%.
Three-year fixed rates will be available at 2.95%, a reduction of 0.30%, up to 70% LTV with a £995 product fee. The 75% LTV product will also reduce by 0.21% to 3.48%.
Five-year fixed rates offered at up to 70% LTV will be available at 3.18% and up to 75% at 3.65%, which is a 0.14% reduction.
Meanwhile, in the buy-to-let range, a two-year fixed rate up to 60% LTV will be available at 3.75%, or up to 70% LTV at 4.15%. Both products have a £1,995 product fee.
Again on buy-to-let, a two-year fixed rate offered at up to 60% LTV will be available at 4.25%, and up to 70% LTV at 4.49%. Cash backs across the buy to let range will revert to £500.
