Virgin Money reduces rates

Virgin Money has cut its rates with residential fixed and tracker rates reduced by up to 0.40% across a range of LTVs.

Its 2-year residential fixed rates and trackers are now available from 2.04% and a 2-year Buy-to-let fixed rate at 2.99% is available exclusively through intermediaries.

Peter Rogerson, commercial director for mortgages and =savings at Virgin Money, said: “We are pleased to support borrowers with these lower rates for residential mortgage customers.

“ We are also continuing to help buy-to-let customers.”

Key residential changes

2-year fixed rates

•    60% LTV with a £995 product fee reduced to 2.04%

•    60% LTV Fee Saver Option reduced to 2.45%

•    80% LTV reduced to 2.85% with a £995 product fee – with £300 cash back for purchase customers

3-year fixed rates

•    70% LTV reduced to 2.29% with a £995 product fee