Virgin Money has launched new exclusive purchase products and reduction percentages during the purchase, buy-to-loet (BTL) and product transfer agents.
In the exclusive purchase range, Virgin Money has added a fixed rate of five years a fixed rate of 75%(LTV) with a fee of £ 895 by 4.09%, while the equivalent of the reimbursement saving is launched at 4.22%.
It has also made cuts within the exclusive purchase range, including the exclusive two-year fixed Fee-Saver rate of 80% LTV that has been reduced by 0.08% to 4.44%.
Cutbacks are also made to selected permanent property, with reductions up to 0.17% to start from 4.25%.
In addition, Virgin has reduced the BTL rates, including selected fixed and five years of fixed rates with a fee of £ 2,195 that fell by no less than 0.15% to start from 4.14%.
Selected two-year and five-year fixed rates with a reimbursement of 1% are also cut by no less than 0.12% to start from 4.12%.
Elsewhere, selected product transfer of the product transfer five years of BTL rates have been reduced by 0.10%, while the selected two-year BTL rates are falling by 0.05%.
In the meantime, Atom Bank has reduced the rates for its primary mortgage range.
The rates have been reduced by a maximum of 0.20% in the package of two, three and five-year fixed rates of the Digital Bank, with the largest cuts on that with 95% LTV.
Two years or three years of fixed rates now start from 5.14%, without product costs, while five years of fixed rates are available from 5.09%.
Atom Bank Head of Hypages Richard Harrison says: “We know that brokers love our service and speed, so I am happy that we have been able to reduce the rates at our Prime Hypotheken again.”
“This is particularly important for borrowers with small deposits that may have closer budgets and do not benefit from the widest range of choice.”
“The fact that our greatest reductions apply to products for borrowers with only 5% deposit, shows our dedication to support those who take their first step on the housing ladder, who often have to borrow from higher LTVs.”