Virgin cuts high LTV rates

Virgin cuts rates

Virgin Money has cut high loan-to-value mortgage rates.

The lender’s 90% LTV 2-year rate for first-time buyers has been cut by 0.15% to 3.29% with a £995 fee, while its 2-year fee saver has been reduced by 0.20% to 3.49%.

Across the lender’s core residential range, to 85% LTV its 2-year rate has been cut by 0.04% to 2.79% with a £995 fee.

Also to 85%, with no fee there is now a 2-year rate at 3.06%, a 3-year rate at 3.16% and a 5-year rate at 3.16%, following reductions.

The lender’s first-time buyer 90% LTV 5-year product has been cut by 0.03% to 3.46% with a £995 fee.