Virgin Money cut rates across entire mortgage range

Monday, 04 March 2013 05:45

Virgin Money has unveiled further rate reductions of up to 0.1 per cent across its entire residential mortgage range.

Two-year fixed rate deals are now available for 60 per cent loan-to-value (LTV) ratio borrowers are now available from just 2.28 per cent. This deal comes with a £995 fee.

For borrowers with a 75 per cent LTV, the best rate available is 2.74 per cent or borrowers with a 25 per cent deposit can opt for an everyday tracker where rates are available from 2.74 per cent. Both these deals also have a £995 fee attached to them.

For borrowers with a 30 per cent deposit, a five-year fixed rate deal is available at 2.99 per cent, again with a £995 fee.

Virgin Money is offering two-year tracker rates at 2.44 per cent with a £995 fee.

First-time buyers with a 10 per cent deposit can get a five-year fixed rate deal at 4.79 per cent with the same fee of £995.

Other highlights on offer from Virgin Money include a three-year fixed rate mortgage for 80 per cent borrowers of 3.49 per cent.

All of these products are available with no fees but a higher interest rate.


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