Virgin Money Cuts Fixed Mortgage Rates: New Deals for Homebuyers, Remortgagers, and Landlords

Virgin Money has announced a series of fixed-rate mortgage reductions and new product launches set to go live on 23 September 2025. These changes offer competitive options for UK homebuyers, those looking to remortgage, and buy-to-let landlords. Read on to discover the updated deals, who benefits most, and how to secure the right mortgage for your circumstances.

Virgin Money’s Latest Mortgage Rate Updates

The lender is introducing new products and reducing rates across key segments:

• 75% LTV 2-Year Fixed Rate (Exclusive Purchase): New at 3.99% with a £895 fee, and 4.24% fee-saver option.
• 75% LTV 5-Year Fixed: Reduced by up to 0.16%, now starting from 4.06%.
• 80% LTV 2-Year Fixed: Reduced by up to 0.08%, from 4.07%.
• 80% LTV 5-Year Fixed: Reduced by up to 0.04%, from 4.18%.
• 90% LTV Fee-Saver Fixeds: 2-Year rate down 0.16% to 4.52%; 5-Year rate down 0.03% to 4.52%.
• 95% LTV Fee-Saver Fixeds (Purchase): 2-Year reduced 0.10% to 4.99%; 5-Year reduced 0.10% to 4.89%.

• Remortgage Deals:
  • 65% LTV 2-Year Fixed reduced up to 0.34%, from 3.99%.
  • 65% LTV 5-Year Fixed reduced up to 0.12%, from 4.04%.
  • 75% LTV 2-Year Fixed reduced up to 0.15%, from 4.04%.
  • 75% LTV 5-Year Fixed reduced up to 0.08%, from 4.08%.

• Buy-to-Let Highlights:
  • 60% LTV 2-Year Fixed with 3% fee down 0.15% to 2.83%.
  • 75% LTV 2-Year Fixed with 3% fee down 0.10% to 3.04%.

Note: The 95% LTV 2-Year Fixed Fee-Saver (Exclusive Purchase) at 4.99% is being withdrawn at 8pm on 22 September 2025.

What Do These Changes Mean for Borrowers?

Virgin Money’s rate reductions bring highly competitive choices for:

• First-time buyers: Lower rates at higher LTVs (e.g., 90% and 95%) allow for smaller deposits and potentially lower monthly payments.
• Home movers and remortgagers: Reduced rates at 65% and 75% LTV reward those with larger equity, making now a great time for securing fixed repayments.
• Buy-to-let landlords: Lower BTL rates especially at 60% and 75% LTV improve yields and can support portfolio growth or refinancing.
• Fee-saver options: Provide flexibility to limit upfront costs, suitable for cashflow-conscious borrowers.

Special Promotions and Unique Features

Exclusive deals: Virgin Money continues to offer exclusive fixed-rate options for purchase customers, including special fee-saver products for those seeking to minimise upfront costs.

Product withdrawals: The notice for the withdrawn 95% LTV 2-Year Fixed Fee-Saver highlights the importance of acting quickly if specific deals match your needs.

Why Choose Virgin Money for Your Next Mortgage?

• Consistently competitive rates across standard, remortgage, and buy-to-let products.
• Wide range of LTV bands – from 60% (BTL) up to 95% (first-time buyers).
• Fee-saver and standard-fee options – pick what works for your situation.
• Responsive service for brokers and applicants ensures smooth applications and prompt support.

Virgin Money is suitable for a variety of borrower profiles, including established homeowners, first-time buyers, and portfolio landlords.

Next Steps: Get Personalised Mortgage Advice

If you’re considering a new property purchase, remortgage, or expanding your buy-to-let portfolio, these new Virgin Money deals could help lower your costs and secure your long-term plans.

Contact our expert team today for tailored advice, up-to-date rates, and support with your mortgage application.

FAQs

• Who qualifies for Virgin Money’s reduced fixed-rate products?
  Eligibility is based on deposit size (LTV), personal affordability, and property criteria. Options range from 60% LTV (buy-to-let) to 95% LTV (first-time buyers).
• How do these mortgage rate changes affect my monthly repayments?
  Lower rates can reduce your monthly payments, especially for larger mortgages or higher LTVs. Your adviser can provide an exact calculation.
• Are these deals suitable for remortgage or only purchases?
  Virgin Money’s updates include options for purchases, remortgages, and buy-to-let, with specific products tailored to each scenario.
• How do I apply or check if I’m eligible for these mortgages?
  Contact our brokerage team for a full assessment and support with the application – we help ensure you meet the relevant criteria.
• What does LTV mean?
  LTV stands for Loan-to-Value; it’s the ratio between your mortgage amount and property value. A lower LTV means a bigger deposit or more equity.