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New limited edition mortgages available from Virgin Money

16/03/2018

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit our mortgage pages for full terms and conditions.

  • Intermediary exclusive buy-to-let cashback increased to £750
  • 90% LTV two-year residential fixed rate now at 1.89% (£995 product fee)
  • 90% LTV three-year residential fixed rate now at 2.18% (£995 product fee)

Virgin Money has launched a new £750 cashback incentive on its intermediary exclusive buy-to-let range. This is available for a limited time only to support landlords coming to the end of their existing deals this spring.

A range of new 90% LTV residential mortgage products have also been launched, with reduced rates on two and three-year fixed rate products.

The new products are available from Friday 16 March 2018 for a limited time only.

Buy-to-let products:

  • Two-year fixed rate at 60% LTV at 1.39% (£1,995 fee with £750 cashback)
  • Two-year fixed rate at 75% LTV at 1.75% (£1,995 fee with £750 cashback)
  • Five-year fixed rate at 60% LTV at 2.12% (£1,995 fee with £750 cashback)

New residential products:

  • Two-year fixed rate at 90% LTV at 1.89% (£995 fee)
  • Two-year fixed rate at 90% LTV at 2.25% (no product fee)
  • Three-year fixed rate at 90% LTV at 2.18% (£995 fee)

Andrew Asaam, Director of Mortgages at Virgin Money, said: “We’re delighted to introduce these limited edition products to our mortgage range. We have launched a market-leading £750 cashback incentive to help landlords with costs and the new residential products will provide further support and choice for customers with smaller deposits."

“As well as offering attractive products, we remain focused on providing great service - with the application to offer turnaround currently at 10 days.”

Full details of Virgin Money’s mortgage product range is available at www.virginmoney.com

ENDS

Media Contacts:

Virgin Money Press Office:

0191 279 4676

press.office@virginmoney.com

NOTES TO EDITORS

About Virgin Money

  • Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to customers across the UK.
  • Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
  • More than 13,900 charities have registered with Virgin Money Giving and, by the end of 2017, over £600 million had been donated to charities through the service since its launch in 2009, resulting in an estimated £19 million more donated to charities because of its not-for-profit model.
Virgin Money plc - Registered in England and Wales (Company No. 6952311). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.