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We wanted to let you know that we’re making the following changes on Tuesday 20 January.
Exclusive Purchase
- 75% LTV 2 Year Fixed Rate with £895 fee will be reduced by 0.10%, to 3.73%.
- 75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.13%, to 3.90%.
- 80% LTV 2 Year Fixed Rate with £895 fee will be reduced by 0.13%, to 3.73%.
- 80% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.15%, to 3.90%.
- 75% LTV 5 Year Fixed Rate with £895 fee will be reduced by 0.07%, to 3.82%.
- 75% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.05%, to 3.94%.
- 90% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.03%, to 4.28%.
Purchase
- 2 year fixed rates with £999 fee will be reduced by up to 0.24%, starting from 3.79%.
- 2 year fixed rate fee-savers will be reduced by up to 0.21%, starting from 3.98%.
- 5 year fixed rates with £999 fee will be reduced by up to 0.14%, starting from 3.86%.
- 5 year fixed rate fee-savers will be reduced by up to 0.10%, starting from 3.97%.
- Shared Ownership fixed rates will be reduced by up to 0.24%, starting from 3.79%.
BTL
- 60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.08%, to 3.89%.
- 75% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.11%, to 3.97%.
- 75% LTV 5 Year Fixed Rate with 1% fee will be reduced by 0.03%, to 4.14%.
- 60% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.10%, to 3.87%.
- 75% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.21%, to 3.87%.
- 75% LTV 5 Year Fixed Rate with £2,195 fee will be reduced by 0.07%, to 4.10%.
Product Transfer
- 75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.06%, to 4.08%.
- 85% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.05%, to 4.44%.
- 75% LTV 3 Year Fixed Rate with £999 fee will be reduced by 0.04%, to 3.89%.
- 75% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.06%, to 4.02%.
IMPORTANT: If a previously submitted Product Transfer is due to complete 31/01/26 and you wish to submit a product switch request then this will be rejected as it would result in your client being charged an SVR payment in February.
All other product switch requests for future maturity months will be processed as normal.
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
