[ad_1]
Starting tomorrow (March 31), Virgin Money will reduce the number of core, exclusive, product sale and transfer transactions.
Exclusive features include:
- The five-year fixed L/P rate of 65% with a fee of £1,495 will be reduced by 14 basis points to 3.90%.
- Remortgaging 65% LTV for five years with a fee of £995 will be reduced by 21bp. up to 3.91%.
- The selected patches will be reduced to 20 bps.
Highlights include:
- The five-year LTV fix of 65% with a £995 fee will be reduced by 15 basis points to 3.95%.
- The five-year fixed fee savings of 65% LTV will be reduced by 10 basis points to 4.14%.
- Selected fixed rates will be reduced to 15 basis points.
The main and exclusive features of BTL include:
- The two-year 50% LTV fix with a fee of £3,995 will be reduced by 11 basis points to 4.07%.
- Selected fixed rates will be reduced to 10 basis points.
The lender also says that he has chosen residential and BTL product transfer corrections will be reduced to 33 bp.
The firm adds that from 20:00 today, it will increase the following products:
- An exclusive two-year fixed house purchase with 75% LTV and a £1495 commission will be increased by 10 basis points.
- Fixed transfer rates for selected products will be increased to 10 basis points per second.
Virgin Money head of intermediary sales Richard Walker says: “We have made a number of cuts to our residential and BTL portfolio, supporting all market segments, including those clients who may want to take the next step up the housing ladder.
“For those clients looking for longer term security, we have a new five-year flat rate below 4% at 65% LTV.”
[ad_2]
