Virgin launches products and lowers prices, Dudley raises prices up to 0.39% – Staking Strategy
Virgin Money has launched new products in a variety of ranges, lowered prices and withdrawn products.
The lender has added 10 products to its shared green new build range, including 85% loan-to-value (LTV) two-year fixed interest rate, with a fee of £995, a charge of 4.42% and 90% LTV biennium fixed fee of 5.04%.
Virgin also added 75% of LTV’s 10-year fixed-rate charges to 4.72% to buy and cash out range.
New additions to exclusive BTL refunds and free valuations and £300 cashback include a two-year fixed rate of 60% at 3% at 3.49% at LTV’s five-year fixed rate of 60% at 3% at 3%.
The lender’s product transmission range has also launched two products. These are 65% LTV five-year fixed interest rates, which cost £1,995, which is 4.04%, and LTV five-year fixed interest rates, which is 75% LTV five-year fixed interest rates, which is £1,995, which is 4.17%.
Virgin also lowers interest rates in purchases, product transmissions and BTL ranges.
Within the purchase range, 80% of LTV’s two- and five-year fixed rates will be reduced to 0.13%, starting at 4.31%, while 95% of LTV’s 10-year fixed rate savings will be reduced by 0.12% to 5.29%.
The selected product transfer two-year fixed interest rate will be reduced to 0.13%, starting at 4.15%, and the selected three-year fixed interest rate within the same range will be reduced to 0.13%, starting at 4.20%.
The BTL product has been reduced by 0.10%, which includes 60% LTV’s two-year fixed rate at £2,195, and now it’s 4.49%, while 75% LTV’s 2-year fixed rate at £2,195, and 4.54%.
Virgin also withdraws products within its purchase and cashout, product transfer and BTL product transmission range.
Meanwhile, the Dudley Building Society has up to 0.39% interest rates in its discounted mortgage products, and has launched a new five-year fixed mortgage loan.
The reduction in interest rates includes a 60% LTV two-year discount on residential foreign homes, which has been reduced from 6.09% to 5.70%.
BTL’s two-year discount of 70% LTV also dropped from 6.19% to 5.85%, while Holiday Let Expat’s two-year discount (70% LTV) has dropped from 6.19% to 5.95%.
Dudley Building Association also expanded mortgages by introducing five-year fixed products in residential, BTL and holiday LET LEDGEN.
This includes a five-year residence fixed as 75% LTV until 5.28% on June 30, 2030, and a five-year term of 90% LTV until 5.34% on June 30, 2030.
In addition, the association added a holiday with a five-year term of 80% LTV until 5.38% on June 30, 2030, while the BTL is 80% LTV fixed to 80% LTV until 5.38% on June 30, 2030.
Loan sizes for all new products range from £25,000 to £1 million.
“We continue to listen to our agents and help them support their clients effectively with solutions,” said Robert Oliver, director of distribution at Dudley Architecture Association.
“These new collateral products, especially our expats and the reduction in the BTL discount range, are designed to provide more value and flexibility to borrowers in the niche market.”
