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We wanted to let you know that we’re making the following rate reductions on Thursday 8 May.
Purchase
- 80% LTV Exclusive 2 & 5 year fixed rates will be reduced by up to 0.06%, starting from 4.19%.
- 95% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.15%, to 5.09%.
- 95% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.09%, to 4.94%.
- Shared Ownership fixed rates will be reduced by up to 0.20%, starting from 4.24%.
BTL
- Selected 2 & 5 year fixed rates with 3% fee will be reduced by up to 0.32%, starting from 3.09%.
- Selected 2 & 5 year fixed rates with 1% fee will be reduced by up to 0.07%, starting from 4.05%.
- 2 & 5 year fixed rates with £2,195 fee will be reduced by up to 0.19%, starting from 4.02%.
- 2 year fixed rates with £995 fee will be reduced by 0.05%, starting from 4.39%.
- 75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.05%, to starting from 4.78%.
Product Transfer
- Selected 65% & 75% LTV 2, 3 & 5 year fixed rates will be reduced by up to 0.15%.
- Selected 2 & 3 year BTL rates will be reduced by 0.05%.
On Wednesday 7th April our additional borrowing pricing for existing customers was increased to a variable rate of 5.74% for residential and 6.24% for BTL.
Our additional borrowing proposition provides flexibility, with no ERC and no product fee; enabling us to continue to support our customer’s evolving needs.
You can find our current rates in our Product Guide. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.
The team at Virgin Money
