Virgin Money has announced a raft of interest rate changes on its fixed and variable rate mortgage products.
Effective from today (7 July), Special Offer 2 year fixed and 3 year fixed rates will be available for new principal and interest, owner occupied and investment loans of more than $300,000 with LVRs of less than or equal to 90%.
For all Special Offer fixed rate loans, the interest rates are as follows:
Virgin Money will also be increasing its variable and fixed rates for new owner occupied loans for LVRs of over 90%. This change will also come into effect today (7 July) and will not affect applications with completed supported documents received prior to today.
![](https://au.res.keymedia.com/files/image/virgin-money-variable-rates.JPG)
Finally, Virgin Money will also be increasing its standard variable rates for owner occupied and investment interest online loans by 25 basis points, effective from 8 August.
The Virgin Money Interest Only Rate (Owner Occupied) will change to 4.89% p.a. while the Virgin Money Variable Investment Interest Only Rate (Investment) will become 5.19% p.a.
For new interest only customers, Virgin Money will be changing its rates as follows: