Virgin Money - We’re launching new products and withdrawing selected rates

19 March 2025

We wanted to let you know that we’re launching the following products on Thursday 20 March.

Shared Ownership Greener New Build

85% LTV 2 Year Fixed Rate with £995 fee, at 4.42%.
90% LTV 2 Year Fixed Rate with £995 fee, at 4.81%.
85% LTV 2 Year Fixed Rate fee-saver, at 4.85%.
90% LTV 2 Year Fixed Rate fee-saver, at 5.04%.
95% LTV 2 Year Fixed Rate fee-saver, at 5.33%.
85% LTV 5 Year Fixed Rate with £995 fee, at 4.42%.
90% LTV 5 Year Fixed Rate with £995 fee, at 4.48%.
85% LTV 5 Year Fixed Rate fee-saver, at 4.57%.
90% LTV 5 Year Fixed Rate fee-saver, at 4.72%.
95% LTV 5 Year Fixed Rate fee-saver, at 5.00%.

Purchase & Remortgage

75% LTV 10 Year Fixed Rate fee-saver, at 4.72%.

Exclusive BTL Remortgage with free valuation and £300 cashback

60% LTV 2 Year Fixed Rate with 3% fee, at 3.49%.
75% LTV 2 Year Fixed Rate with 3% fee, at 3.64%.
60% LTV 5 Year Fixed Rate with 3% fee, at 3.99%.
75% LTV 5 Year Fixed Rate with 3% fee, at 4.04%.

Product Transfer

65% LTV 5 Year Fixed Rate with £1,995 fee, at 4.04%.
75% LTV 5 Year Fixed Rate with £1,995 fee, at 4.17%.

We’ll also be making these changes at 8pm today:

Purchase

80% LTV 2 & 5 year fixed rates will be reduced by up to 0.13%, starting from 4.31%.
Selected 2 year fixed rates will be reduced by up to 0.05%, starting from 4.47%.
Selected 5 year fixed rates will be reduced by up to 0.04%, starting from 4.34%.
90% LTV 2 & 5 year green fixed rates will be reduced by up to 0.05%, starting from 4.57%.
Selected Shared Ownership fixed rates will be reduced by up to 0.13%, starting from 4.44%.
90% LTV Own New 2 & 5 year fixed rates will be reduced by up to 0.04%, starting from 2.19%.
95% LTV 10 Year Fixed Rate fee-saver will be reduced by 0.12%, to 5.29%.

Remortgage

80% LTV 2 year fixed rates will be reduced by up to 0.06%, starting from 4.72%.

BTL

60% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.10%, to 4.49%.
75% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.10%, to 4.54%.
60% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.10%, to 3.49%.
75% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.08%, to 3.64%.
60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.10%, to 4.30%.
75% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.10%, to 4.44%.
75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.10%, to 5.03%.

Product Transfer

Selected 2 year fixed rates will be reduced by up to 0.13%, starting from 4.15%.
Selected 3 year fixed rates will be reduced by up to 0.13%, starting from 4.20%.
Selected BTL 2 year fixed rate fee-savers will be reduced by 0.10%, starting from 4.85%.
Selected BTL 3 year fixed rate fee-savers will be reduced by 0.10%, starting from 4.80%.

We’ll also be withdrawing the following products:

Purchase & Remortgage

75% LTV 10 Year Fixed Rate with £995 fee, at 4.89%.

Product Transfer

65% LTV 2 Year Fixed Rate with £1,495 fee, at 4.20%.
75% LTV 2 Year Fixed Rate with £1,495 fee, at 4.35%.
65% LTV 2 Year Fixed Rate with £1,495 fee, at 4.07%.
75% LTV 2 Year Fixed Rate with £1,495 fee, at 4.20%.

BTL Product Transfer

60% LTV 3 Year Fixed Rate with £995 fee, at 4.64%.
75% LTV 3 Year Fixed Rate with £995 fee, at 4.74%.
60% LTV 10 Year Fixed Rate with £995 fee, at 4.98%.
75% LTV 10 Year Fixed Rate with £995 fee, at 5.13%.
60% LTV 2 Year Tracker Rate with £1,995 fee, at 5.04%.
75% LTV 2 Year Tracker Rate with £1,995 fee, at 5.46%.

If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.

Affordability Calculator

We’ve recently improved Virgin Money’s residential Affordability Calculator. Until now, we’ve displayed how much we could lend based on the property value entered. Now, we’ll also let you know the maximum we could lend excluding any LTV limitations, if it’s more.

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