Virgin Money will launch a range of landlord and residential exclusives tomorrow (7 November).  

The high street bank says its buy-to-let purchase and remortgage exclusives, with a 1% fee, cover:  

• 60% loan to value two-year fixed-rate deals at 5.64%  
• 75% LTV two-year fixed-rate loans at 5.74%  
• 60% LTV five-year fixed-rate offers at 5.09%  
• 75% LTV five-year fixed-rate deals at 5.37%  

The lender adds purchase exclusives, with a free valuation, which cover:  

• 65% LTV two-year fixed-rate loans, with a £1,295 fee, at 5.05%  
• 75% LTV two-year fixed-rate offers, with a £1,295 fee, at 5.15%  
• 65% LTV five-year fixed-rate deals, with a £1,295 fee, at 4.60%  
• 75% LTV five-year fixed-rate loans, with a £1,295 fee, at 4.70%  
• 65% LTV five-year fixed-rate fee-savers at 4.84%  
• 75% LTV five-year fixed-rate fee-savers at 4.89%  

The firm will also make modest cuts to a range of BTL and residential purchase and remortgage exclusives:  

• Purchase exclusives, with a £1,295 fee, will be reduced by up to 5 basis points, with rates starting from 4.91%  
• Purchase exclusive fee-savers will be reduced by up to 8bps, with rates starting from 5.07%  
• 60% LTV remortgage exclusives, with a £995 fee, will be reduced by 4bps, at 5.22%.  
• BTL remortgage and purchase exclusives, with a £2,195 fee, will be reduced by up to 10bps, with rates starting from 4.96%  

John Charcol mortgage technical manager Nicholas Mendes says: “Virgin exclusive deals are starting to become a weekly norm — this time a new BTL exclusive, with a 1% fee.  

“Considering some higher source products have arrangement fees between 3% and 5%, or hefty product fees, this latest deal from Virgin isn’t to be overlooked.”  

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