Virgin Money - We’re reducing selected fixed rates

12 December 2024

We’re making the following rate reductions on Thursday 12 December.

Purchase rates with £995 fee

• 65% LTV 2 Year Fixed Rate will be reduced by 0.16%, to 4.37%.
• 75% LTV 2 Year Fixed Rate will be reduced by 0.10%, to 4.43%.
• 85% LTV 2 Year Fixed Rate will be reduced by 0.22%, to 4.75%.
• 90% LTV 2 Year Fixed Rate will be reduced by 0.05%, to 5.08%.
• 65% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 4.24%.
• 75% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 4.29%.
• 85% LTV 5 Year Fixed Rate will be reduced by 0.21%, to 4.43%.

Purchase fee-savers

• 65% LTV 2 Year Fixed Rate will be reduced by 0.15%, to 4.63%.
• 75% LTV 2 Year Fixed Rate will be reduced by 0.10%, to 4.68%.
• 85% LTV 2 Year Fixed Rate will be reduced by 0.19%, to 5.01%.
• 65% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 4.34%.
• 75% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 4.39%.
• 85% LTV 5 Year Fixed Rate will be reduced by 0.07%, to 4.67%.
• 90% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 4.86%.
• 95% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 5.19%.

We’ll also be making these changes:

• Selected Shared Ownership fixed rates will be reduced by up to 0.10%, starting from 4.24%.
• Selected Own New fixed rates will be reduced by up to 0.22%, starting from 0.50%.
• Retrofit Boost 5 year fixed rates will be reduced by up to 0.21%, starting from 4.59%.

The end dates will move to 1 March of the relevant year.

We’ve extended our Green Reward offer

We’ve got great news about Green Reward; our efficiency initiative that rewards existing customers with £250 cashback for making green home improvements.

We’ve extended our deadline dates giving more customers the chance to register and claim.

If one of your clients has already registered, they can also take advantage of the extended deadlines below:

Green Reward is open to residential and BTL customers taking additional borrowing, or a product transfer with additional borrowing, and who then spend at least £2,500 on eligible green home improvements. This includes changes to the property that increase energy efficiency or reduce the carbon footprint. See the full terms for Green Reward.

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