Virgin Money  

Virgin Money launches adviser mortgage rates

Virgin Money launches adviser mortgage rates

Virgin Money has launched two intermediary exclusive deals across its mortgage range.

Available from today (8 November), the first product is a two-year fixed rate up 65 per cent loan-to-value at 1.32 per cent, with a £995 product fee and £300 cashback for purchases.

The second is a two-year residential fixed rate up to 90 per cent loan-to-value at 2.24 per cent with a £995 product fee and £300 cashback for purchases, £500 for first time buyers.

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Additionally, Virgin Money has also announced key changes to its Help to Buy equity loan products.

The first of these is a two-year fixed rate at 80 per cent loan-to-value reduced to 1.95 per cent, with a £995 product fee and £500 cashback for purchases.

The second of these is a five-year fixed rate at 55 per cent loan to value reduced to 2.49 per cent, with no product fee, and £500 cashback for purchases.

The third is a five-year fixed rate at 75 per cent loan-to-value, reduced to 2.75 per cent with no product fee and £500 cashback for purchases.

Peter Rogerson, Virgin Money’s commercial director for mortgages said: “This update to our mortgage range ensures that we continue to offer attractive options for purchase and remortgage customers looking for residential and buy-to-let loans.

"We are continuously developing and enhancing our mortgage proposition; a fact recognised with our Mortgage Lab recently being awarded the Innovation Culture Award at the Corporate Entrepreneur Awards.”

Matthew Harris, owner and independent financial adviser at Dalbeath Financial Planning, said: "These new rates will be attractive at certain mortgage sizes.

"The additional cashback for first time buyers is also welcome. Lenders need to keep updating their deals like this given how dynamic the mortgage market is at present."

ruth.gillbe@ft.com