Loan: Virgin Money withdraws host of FTB products

Virgin Money has announced the withdrawal of all its 95% LTV fixed rates on what the lender is describing as a temporary basis.

It also says that all of its Help to Buy fixed rates will be withdrawn for new customers.

Virgin Money reports that it has made the changes to the 95% LTV range “As we review our homebuyers proposition and monitor market conditions.”

It adds that the loans are still available as product transfers for existing customers.

Additionally, the lender is increasing selected Help to Buy rates by up to 15 basis points.

The changes will take place from 8pm today (22 November).

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