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Virgin Money cuts fixed rates by 0.11%

Mortgage Solutions
Written By:
Mortgage Solutions
Posted:
Updated:
27/02/2024

Virgin Money has reduced its two-year fixed range by 0.11%, with rates starting at 2.68% at 60% Loan to Value (LTV).

It is also offering a 70% LTV deal at 2.88%. All deals in the two-year fixed range come with a £995 product fee. The lender has also cut its residential tracker and buy-to-let fixed rates. Its two-year tracker with a £995 product fee has also been reduced by 0.11%, to 2.88% at 70% LTV.

The lender’s five year fixed rate up to 70% LTV has been reduced by 0.10% to 3.39%, with a £995 product fee. Virgin Money’s buy-to-let fixed range now includes a two-year fixed rate, up to 60% LTV, with a 2.5% product fee, a two-year fixed rate, up to 60% LTV, with a £1,995 product fee and a two-year fixed rate, up to 70% LTV, with a £1,995 product fee. Anthony Mooney, director of mortgages and savings at Virgin Money, said: “Following the completion of the rebrand and in our first week of trading as Virgin Money plc, we are delighted to announce these rate reductions across our mortgage range.
Since the start of the year customers have opened over a million new accounts with Virgin Money, across our full range of products. We remain absolutely focused on providing straightforward, transparent and good value products and prioritising customer service to continue to grow the business.”


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