Virgin Money expands intermediary exclusive range

Virgin Money has launched a range of new mortgage products to take its range of intermediary-exclusive mortgages to 11-strong.

As well as its new product launches, Virgin Money is also cutting rates on intermediary exclusive deals tomorrow (17 June) for a limited period.

Fixed rates offered with a £995 product fee include a two-year deal at 2.05 per cent up to 50 per cent loan-to-value. Three-year fixes include a 60 per cent LTV deal at 2.48 per cent and a 75 per cent LTV at 2.79 per cent.

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The four-year fixed rates available are a 60 per cent LTV at 2.99 per cent and 75 per cent LTV at 3.29 per cent.

There are also two five-year deals available at a fixed rate of 3.18 per cent and 3.48 per cent at 60 per cent LTV and 75 per cent LTV respectively.

A five-year fixed rate with a £1,495 product fee is now available at 3.10 per cent up to 60 per cent LTV.

On trackers with a £995 product fee, Virgin is now offering a two-year deal at 1.78 per cent up to 60 per cent LTV and a two-year deal at 2.09 per cent up to 75 per cent LTV

On buy-to-let with a £1,995 product fee and £500 cashback the two-year fixed rate is now at 3.09 per cent up to 60 per cent LTV.

Peter Rogerson, savings and mortgages director of Virgin Money, said: “The new line up shows real strength throughout.

“There is a solid back line with our longer term fixed rates, a good mix of creativity with defensive qualities in the midfield through our three and four-year fixes, and the attacking punch of the two-year fixed and tracker rates up front.

“There is some strong opposition out there, but we are confident we’ll perform well with this team.”