Virgin Money - Red Friday deals

We are excited to announce Virgin Money’s Red Friday deals

Today , Friday 25 November, we will launch a new Intermediary Exclusive 5 Year Fixed Rate and make reductions to some existing products. 

These Red Friday Intermediary Exclusives are a big “Thank you” from Virgin Money for all of your support in 2016. They are only available for a limited time so ensure you submit your applications as soon as possible so your customers can be in with a chance of completing by Christmas. 


Summary of changes



Complete by Christmas:
 

  • NEW Intermediary Exclusive 2 Year Fixed Rate at 65% LTV will be reduced to 1.24% with a £995 fee (free legal work and valuations for remortgage customers or £300 cashback for purchase customers)
  • NEW Intermediary Exclusive 5 Year Fixed Rate at 65% LTV launched at 1.83% with a £995 fee (free legal work and valuations for remortgage customers or £300 cashback for purchase customers) 
     

Supporting Buy to Let landlords:
 

  • NEW Intermediary Exclusive BTL 2 Year Fixed Rate at 60% LTV will be reduced to 1.59% with a £1,995 fee and £500 cashback for purchase and remortgage customers
  • Selected BTL Fixed rates with a £1,995 fee and £500 cashback will be reduced:
    • 2 Year Fixed Rate at 75% LTV will be reduced to 2.04% 
    • 5 Year Fixed Rate at 60% LTV will be reduced to 2.48% 
  • Selected BTL fee saver and percentage fee rates will be reduced:
    • 2 Year Fixed Rate fee saver option at 75% LTV will be reduced to 3.29% 
    • 5 Year Fixed Rate at 60% LTV with a 2.5% fee will be reduced to 2.99% 
       

Supporting New Build customers:

  • 5 Year Fixed Rate Help to Buy Equity Loan deal available at 75% LTV will be reduced to 2.39% with a £995 fee and £500 cashback for purchase customers