Refresh Mortgage Network

2- and 5-year fixed exclusives launched by Virgin Money
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3 min read
Thu Jun 06 2024
2- and 5-year fixed exclusives launched by Virgin Money - Image

Changes came into effect from 8pm last night

Effective from today, Virgin Money have launched exclusive 2- and 5-year fixed exclusives, while also making selected product withdrawals.

The lender is adding an 80% loan-to-value (LTV) two-year deal with a fee of £895 at 5.39% and a five-year deal at 4.84% to its exclusive mortgage range. Both come with a free valuation and legals.

In addition, Virgin Money have added a new 75% LTV five-year fix with a fee of £895 at 4.56% while the 80% LTV five-year fix fee-saver at 4.80% to its exclusive purchase range.

The following changes were also announced:

  • Selected fix and switch purchase fixed rates will be increased by up to 0.10%, with rates starting from 5.34%.

  • 90% LTV own new two-year fixed rates will be increased by 0.05%, with rates starting from 2.78%.

  • Buy-to-let (BTL) fixed rates with 3% fee will be reduced by 0.02%, with rates starting from 4.03%.

  • Selected BTL five-year fixed rates with 1% fee will be reduced by 0.02%, with rates starting from 4.67%.

  • 90% purchase two-year fixed rate with £995 fee will be increased by 0.05%, to 5.44%.

  • 95% purchase two-year fixed rate fee-saver will be increased by 0.10%, at 5.94%.

Finally, the 90% LTV purchase exclusive five-year fix fee-saver at 5.00% was also withdrawn late last night.

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