Virgin Money has cut rates on residential purchase deals across all loan to values, by up to 69 basis points from today (8 September).
Highlights of the lender’s reductions include:
Purchase exclusives with free valuation and a £1,295 fee
- 65% loan to value two-year fixes, reduced by 12bps to 5.65%
- 90% LTV five-year fixes, reduced by 14bps to 5.46%
Purchase exclusives with free valuation, £1,000 cashback and a £495 fee
- 90% LTV two-year fixes, reduced by 16bps to 6.44%
Purchase fixed rate fee-savers
- 65% LTV two-year fixes, reduced by 53bps to 5.97%
- 75% LTV two-year fixes, reduced by 69bps to 5.99%
- 85% LTV two-year fixes, reduced by 49bps to 6.29%
- 90% LTV two-year fixes, reduced by 61bps to 6.37%
- 65% LTV five-year fixes, reduced by 44bps to 5.28%
- 75% LTV five-year fixes, reduced by 60bps to 5.28%.
- 85% LTV five-year fixes, reduced by 63bps to 5.42%
- 90% LTV five-year fixes, reduced by 54bps to 5.65%
Remortgage exclusives with free valuation, free legals and a £995 fee
- 60% LTV two-year fixes, reduced by 10bps to 5.80%
Remortgage exclusives fee-savers
- 60% LTV two-year fixes, reduced by 15bps to 6.18%
The bank adds that selected purchase and remortgage fixes have been cut by up to 31bps, starting at 5.18%.
Selected buy-to-let fixes have been reduced by up to 24bps, starting at 5.38%.
And selected product transfer fixes have been reduced by up to 44bps, starting at 5.18%.
The business also confirms that all seven-day special BTL exclusives have been withdrawn.
The post Virgin Money cuts resi rates by up to 69bps appeared first on Mortgage Strategy.
