2 Year Fixed at 2.19% intermediary exclusive from Virgin Money (was Northern Rock)

2 Year Fixed at 2.19% intermediary exclusive from Virgin Money (was Northern Rock)

Virgin Money will launch an Intermediary Exclusive 2 Year Fixed rate at 2.19% and make reductions to selected products at 70% LTV.

The exclusive product is available to residential customers with loans of up to £300,000, who apply through an intermediary registered with a Virgin Money national account.

They are also increasing cashback on BTL products with a flat fee, meaning the full BTL range now offers £750 cashback.

Summary of changes

Residential

New Intermediary Exclusive 2 Year Fixed rate at 2.19% with a £1,095 fee up to 60% LTV
Selected 2, 3 and 5 Year Fixed rates at 70% LTV reduced by up to 0.15%:
2 Year rates will start from 2.34%
3 Year rates will start from 2.39%
5 Year rates will start from 2.89%
Selected 2 and 3 Year Trackers at 70% LTV reduced by up to 0.15%
Selected Fixed and Tracker rates at 80%, 85% and 90% LTV will be amended with 2 Year Fixed rates at 80% LTV starting from 3.39%

BTL

£750 cashback now available across all Buy to Let products
Selected 2, 3 and 5 Year Fixed rates reduced by up to 0.54%
2 Year Fixed rates will be available from 3.55% with £1,995 fee
2 Year Trackers with a £995 fee reduced by up to 0.54%