You are here: Home - Mortgages - Remortgage - News -

Virgin Money temporarily scraps residential application fee

0
Written by: Emma Lunn
07/07/2015
Virgin Money has reduced a number of mortgage rates and removed its £99 residential application fee for a limited period.
Residential fixed rates have been reduced by up to 0.2% and intermediary exclusive two-year fixed rates have been cut by up to 0.25%.

Its two-year fixed rate at 90% loan-to-value (LTV) has been reduced by 0.14% to 3.49%, with no product fee and £500 cashback for first-time buyers and £300 cashback for home movers. Virgin has dropped the rate on the five-year fixed deal at 90% LTV by 0.20% to 3.99%. The mortgage comes with no product fee and £500 cashback for first-time buyers and £300 cashback for home movers.

Changes to its intermediary exclusive product range include its two-year fixed rate at 80% LTV reduced by 0.21% to 1.88% which comes with a £995 product fee and £300 cashback for purchases and a 0.25% reduction in its two-year fixed rate for new build customers at 85% LTV to 2.14%, with a £995 product fee, £500 cashback for first-time buyers and £300 cashback for other purchases.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We’re delighted to announce these latest improvements to our residential mortgage range which includes the removal of the £99 application fee for a limited period. We continue to develop our mortgage proposition in line with the commitments we announced earlier in the year and help borrowers across all segments of the mortgage market.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Treasury set for pension freedoms tax windfall

The government's tax take from the new pension reforms is set to be significantly higher than originally forecast, Hargreaves Lansdown...

Close