Virgin Money lowers mortgage rates

Virgin Money is cutting select exclusive, purchase, remortgage, buy-to-let and product transfer mortgage rates.

The changes to the mortgage rates come into force from 8pm today.

Within its exclusive purchase range, its five-year fixed rate at 80% loan to value (LTV) will be reduced by 0.03% to 4.52% while its fee-saver deal will come to 4.62%. Both come with £300 cashback.

In its exclusive remortgage with free valuations and legals, its two-year fixed rate at 80% LTV with £895 fee will be cut by 0.10% to 5.29% with its fee-free version falling by 0.15% to 5.69%.

Its five-year fixed rate at 80% LTV with £895 fee will be reduced by 0.04% to 4.80% and its fee-saver version will be decreased by 0.15% to 4.97%.

On the purchase side, its retrofit boost five-year fixed rates will be reduced by up to 0.20%, with rates starting from 4.79%.

Own New mortgage rates will be cut by up to 0.30%, with rates beginning from 0.84%, while selected purchase fix and switch fixed rates will be reduced by up to 0.10% and start from 5.29%.

Purchase fixed rates with £995 fee will fall by up to 0.30%, with rates priced from 4.39% and purchase fixed rate fee-savers will be reduced by up to 0.30%, with rates starting from 4.54%.

Green purchase fixed rate mortgage rates will be reduced by up to 0.25% and cashback increased to £500, with rates priced from 4.39%.

Virgin Money’s 85% LTV shared ownership fixed rates will be cut by 0.10%, with rates starting from 4.49%.

Two and five-year fixed rates for £1m-plus loans with £1,995 fee will be reduced by up to 0.20%, with rates pegged from 4.79%.

Within its remortgage range, retrofit boost five-year fixed rates will be decreased by up to 0.20%, with rates starting from 4.79%.

Selected remortgage fix and switch fixed mortgage rates will be cut by up to 0.15%, with rates priced from 4.99%.

Two and five-year fixed rates for £1m+ deals with £1,995 fee will be reduced by up to 0.11%, with rates starting from 4.79%.

Remortgage fixed rates with £995 fee will fall by up to 0.40%, with rates beginning from 4.39% and Remortgage fixed rate fee-savers will be reduced by up to 0.45%, with rates priced from 4.59%.

In its buy-to-let range, selected buy-to-let mortgage rates with 3% fee will decrease by up to 0.08%, with rates starting from 3.83%.

Selected buy-to-let fixed rates with 1% fee will be cut by up to 0.10%, with rates beginning from 4.52%.

In its product transfer range, selected residential product transfer fixed rates will be reduced by up to 0.10%, with rates starting from 4.30% and buy-to-let product transfer mortgage rates will be cut by 0.05%, with rates starting from 4.49%.

The firm is also withdrawing select seven-day purchase and remortgage mortgage rates. On the purchase side five-year fixed rates at 75% LTV and 95% LTV greener five-year fixed rates.

In its remortgage range, select five-year fixed rate products, including those in its professional range, between 65 and 85% LTV will be removed.

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.