Virgin mortgage rates are cut again.
Virgin mortgage deals are even cheaper, the lender has announced that rates have been cut again.
Both its buy to let and residential mortgage deals have been reduced and offers start at under 3%.
For those with a 40% deposit a 3 year fixed rate mortgage deal is now available sub 3% at 2.79%, which is 0.1% lower than its previous offer. Product fees for this deal are £995.
In addition rates have also been cut at 70% loan to value, for those with a 30% deposit a rate is now on offer sub 3% at 2.99%, which is a 0.16% reduction. The product fee charged is £995, for those who are looking for a fee free offer a higher rate is available at 3.35%, this is a 0.20% reduction.
As well as cutting Virgin residential mortgage rates the lender has also cut its buy to let mortgage rates by up to 0.30%. The lenders advises that this is to support investment landlords.
A 2 year fixed buy to let mortgage rate is available at 3.59% for 60% loan to value which comes with a £1,995 mortgage fee. For investors looking for a longer term fix the lender is offering a 5 year fixed rate deal for 60% loan to value at 4.19%, however this new deal comes with a 2.5% fee.
Cashback is also offer up to £750 on completion..
A Virgin mortgage spokesperson commented on the price reductions advising that it is pleased to cut its rates, advising that this shows its continued commitment to supporting the market through new lending.
If you are looking for a competitive mortgage offer you are advised to call independent 'whole of market' broker Deal Direct.
Call an adviser for a quote today.
