Virgin Money launch 2.04% tracker available up to £1 million
Virgin Money has launched a best buy two-year Bank of England base rate tracker mortgage at 2.04%. The APR is 4.6%.
The mortgage is available to borrowers with a 30% deposit and the arrangement fee is £995. The maximum loan size is £1 million, and the lender will pay the property valuation and legal costs if borrowers remortgage to them.
Virgin has also launched a two-year fixed rate at 2.04% (APR 4.6%) for those with a 40% deposit and it has a £995 arrangement fee. They are also very generous when it comes to mortgage affordability as they will potentially lend up to five times income.
Virgin Money's standard variable rate is 4.79%.
If you would like help to secure a best buy mortgage, call us on 020 7016 0790.
August 23, 2013
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