Virgin Money lowers rates for product transfers – Mortgage Strategy
Virgin Money has made rate cuts within its product transfer range.
The biggest change takes place on the 65% LTV two-year fixed rate ‘fee-saver’, which has received a 26 basis point cut, leaving it at 4.60%.
Further cuts include the 65% LTV two-year fix with £995 fee, which has been cut by 16 basis points, to 4.37%, and the 65% LTV five-year fixed rate with £995 fee, which has also seen 16 basis points removed, takin its price to 3.99%.
Other cuts of up to 21 basis points occur throughout the lender’s two-, three-, and five-year fixed rate options.
Virgin Money head of intermediary sales Richard Walker says: “We don’t believe that our best rates should be saved just for new customers.
“With five-year fixed rates starting from 3.99%, these changes to our existing customer range improve the options available for those looking for a new rate on their existing loan.”