Virgin and TSB launch new fixed rate and remortgage deals

Virgin Money is launching brand new intermediary exclusive fixed rate mortgage deals from 1.32%(4.11% APRC), while TSB brings its best ever fixed remortgage rate of 1.89%(3.22% APRC) to the market.

Virgin Money’s new two-year fixed rate mortgage deals are available exclusively via intermediaries for a limited period only.

The lender is offering rates at 1.32%(4.11% APRC) up to 65% loan-to-value (LTV) and 2.24%(4.23% APRC) at 90% LTV, with a £995 product fee and £300 cashback for purchases.

Virgin Money has also reduced the rates on select two and five-year Help to Buy Equity Loans by up to 0.26%.

Two-year fixed rates are now on offer from 1.95%(4.19% APRC) at 80% LTV. Five-year fixed rates start from 2.49%(3.71% APRC) at 55% LTV and 2.75%(3.8% APRC) at 75% LTV. Both offer £500 cashback for purchases and are product fee free.

TSB meanwhile has launched a record low five-year fixed rate remortgage deal at 1.89%(3.22% APRC). The new rate is available for remortgaging up to 60% LTV.

The lender has also reduced its shared ownership rates. Now available at a rate of 1.74%(3.62% APRC) with a product fee of £955 for a two-year fixed rate mortgage up to 75% LTV, the same deal is also available at a rate of 2.24%(3.58% APRC) with no product fee.

First-time buyers will also be interested to learn that TSB has launched a fee-free range of mortgages for first-time buyers, that comes with £750 cash back.

The range includes two, three, five and 10-year fixed rate products, starting from 1.84%(3.52% APRC), as well as a two-year tracker from 1.74%(3.5% APRC).

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For more information on getting onto the property ladder give our residential team a call today on 0345 345 6788.