From 8 p.m. today (2 May), Virgin Money will extend its Green Reward home loans for current residential and buy-to-let borrowers and increase fixed-rate products by up to 38 basis points.
The lender claims that it is extending the deadline for these eco-friendly offers, which provide consumers with a £250 return if they take out more borrowing or a product transfer with additional borrowing and then spend at least £2,500 on qualified energy-saving enhancements.
Final claims on these deals must now be made by 31 July of the following year, and the Green Reward registration deadline has been moved to 31 December.
Richard Walker, the head of intermediary sales at Virgin Money, states: “We’ve extended our deadline dates to the end of the year, allowing more customers the chance to register and take part in the scheme.”
The company notes that among its main and exclusive product lines are the following:
- Fixed-rate loans will rise by up to 30bps, starting from 4.09%
- And BTL fixed-rate offers will lift by up to 30bps, starting from 4.52%
Fixed-rate agreements, starting at 3.99%, will see a hike of up to 38bps among its product transfers.
Moreover, the bank will start:
- A 70% loan-to-value remortgage fixed-rate loan from 4.15%
- And BTL 50% LTV fixed-rate deals, with a £995 fee from 4.65%