Virgin Money debuts resi and BTL products, cuts rates by up to 93bps

Virgin Money has launched several new residential and buy-to-let mortgage products, while cutting rates on other offers.

The lender debuts exclusive purchase deals, with £1,000 cashback and free valuation, which cover:

An 85% loan-to-value two-year fixed-rate offer, with a £995 fee will be launched at 5.50%
An 85% LTV three-year fixed-rate loan, with a £995 fee will be launched at 5.27%
An 85% LTV five-year fixed-rate deal, with a £995 fee will be launched at 4.89%
A 90% LTV five-year fixed-rate offer, with a £995 fee will be launched at 5.15%

It also launches exclusive remortgage deals, with £300 cashback and free valuation, which cover:

Offers among the firm’s core range cover:

95% LTV shared ownership fixed-rate loans will be cut by up to 93 basis points
75% LTV 10-year fixed-rate deals, with a £995 fee, will be reduced by 39bps to 4.40%.
A new BTL 10-year fixed-rate offer, with a £995 fee, will be launched from 4.49%.
Selected two-, three- and five-year product transfer rates will be reduced by up to 75bps.

The business says all deals came to market on 5 January.

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