Virgin Money reduces remo, landlord prices by up to 65bps  

By: ameer@trustedteam.com

Virgin Money will cut rates on remortgage and landlord exclusives by up to 65 basis points from tomorrow (23 January).  

Virgin-Money.jpg

Highlights of the high street lender’s reductions include:  

Remortgage exclusives  

  • Five-year fixes, with a £995 fee, will be reduced by up to 54bps, starting from 4.19%  
  • Five-year rate fee-saver fixes, will be reduced by up to 54bps, starting from 4.39%  

Buy-to-let exclusives  

  • Two-year fixes, with a 1% fee, will be reduced by up to 65bps, starting from 4.64%  
  • Two-year fixes, with a 3% fee, will be reduced by up to 45bps, starting from 3.87%  

The business will also withdraw several products at 8pm this evening (22 January) including:  

  • 65% loan-to-value two-year purchase exclusive fixes, with a £1,295 fee at 4.47%  
  • 75% LTV two-year purchase exclusive fixes, with a £1,295 fee at 4.52% 

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