Virgin Money launches long-term fixed rate mortgages

Virgin Money has launched its first seven and ten-year fixed rate mortgage products: - 65% LTV seven-year residential fixed rate at 2.37% (£995 product fee) - 65% LTV ten-year residential fixed rate at 2.59% (£995 product fee)

Virgin Money has launched a range of competitive seven and ten-year fixed rate residential mortgages.

The products will enable customers to take advantage of the current low interest rate environment and secure the certainty of their mortgage payments through a longer term mortgage deal.

The products are available for house purchase, remortgage and product transfer, with remortgage customers also benefiting from a free valuation and free legal work. Selected purchase products also include cashback of up to £300.

The new products are available from Friday 25th May 2018.

New residential products:

  • Seven-year fixed rate at 65% LTV at 2.37% (£995 product fee)
  • Seven-year fixed rate at 75% LTV at 2.42% (£995 product fee)
  • Seven-year fixed rate at 90% LTV at 2.95% (no product fee)
  • Ten-year fixed rate at 65% LTV at 2.59% (£995 product fee)
  • Ten-year fixed rate at 75% LTV at 2.65% (£995 product fee)
  • Ten-year fixed rate at 90% LTV at 3.25% (£995 product fee)

The products are designed to be flexible to customer’s changing circumstances, being portable to a new property and allowing 10% capital repayments per year without charge.

Published: 04 May 2018

Source: https://uk.virginmoney.com


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