Virgin Money will bring out its exclusive remortgage products and increase rates across its Fix and Switch deals, exclusive purchase and remortgage and buy-to-let (BTL) and product transfer rates.
On Virgin Money’s exclusive remortgage side, the lender has added Fix and Switch deals with a two-year early repayment charge (ERC) at 85% loan to value (LTV).
Its five-year fixed rate with a £1,495 fee starts at 5.54%, and the fee-saver option starts at 5.89%.
Virgin Money will also make several rate changes from 8pm on 30 April.
The lender’s Fix and Switch purchase rates at 85% and 90% LTV will be increased by up to 0.1%, with pricing beginning from 5.27%.
The firm’s Fix and Switch remortgage rates at 75% LTV will rise by 0.1% and start from 5.09%.
Virgin Money’s BTL Fix and Switch rates at 60% and 75% LTV will go up by 0.15%, starting from 5.07%.
The lender’s 90% LTV exclusive purchase fixed rates will rise by up to 0.08%, with rates beginning from 4.87%.
Selected exclusive remortgage fixed rates will be increased by up to 0.16%, starting from 4.54%, and large loan exclusive purchase and remortgage fixed rates will rise by up to 0.2%, beginning from 4.9%.
Exclusive BTL fixed rates will increase by up to 0.1%, starting from 4.07%, and selected product transfer fixed rates will rise by up to 0.1%, beginning from 4.43%.
Skipton BS cuts rates and adds deals
Skipton Building Society will reduce rates in its residential range, cut its track record mortgage and reintroduce high-loan-to-value (LTV) fixed residential remortgage deals.
The mutual is introducing rate reductions from tomorrow, 1 May, with fixed and tracker rate products impacted.
Selected two-year fixed residential products have been cut, and its track record mortgage has gone down from 5.65% to 5.55%.
The mutual has reintroduced higher-LTV remortgage options, including residential 85% and 90% LTV fixed rate remortgage products, along with fee products in its fixed purchase range.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
