Virgin Money has cut rates on residential purchase deals across all loan to values, by up to 69 basis points from today (8 September). 

Highlights of the lender’s reductions include:  

Purchase exclusives with free valuation and a £1,295 fee 

65% loan to value two-year fixes, reduced by 12bps to 5.65% 
90% LTV five-year fixes, reduced by 14bps to 5.46% 

Purchase exclusives with free valuation, £1,000 cashback and a £495 fee 

90% LTV two-year fixes, reduced by 16bps to 6.44% 

Purchase fixed rate fee-savers 

65% LTV two-year fixes, reduced by 53bps to 5.97% 
75% LTV two-year fixes, reduced by 69bps to 5.99% 
85% LTV two-year fixes, reduced by 49bps to 6.29% 
90% LTV two-year fixes, reduced by 61bps to 6.37% 
65% LTV five-year fixes, reduced by 44bps to 5.28% 
75% LTV five-year fixes, reduced by 60bps to 5.28%. 
85% LTV five-year fixes, reduced by 63bps to 5.42% 
90% LTV five-year fixes, reduced by 54bps to 5.65% 

Remortgage exclusives with free valuation, free legals and a £995 fee 

60% LTV two-year fixes, reduced by 10bps to 5.80% 

Remortgage exclusives fee-savers 

60% LTV two-year fixes, reduced by 15bps to 6.18% 

The bank adds that selected purchase and remortgage fixes have been cut by up to 31bps, starting at 5.18%. 

Selected buy-to-let fixes have been reduced by up to 24bps, starting at 5.38%. 

And selected product transfer fixes have been reduced by up to 44bps, starting at 5.18%. 

The business also confirms that all seven-day special BTL exclusives have been withdrawn. 

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