Virgin Money for Intermediaries offer leading 2.79% five-year fix
Virgin Money for Intermediaries has launched a leading five-year fixed rate mortgage at 2.79% with an APR of 4.4%.
It is available to borrowers with a 40% deposit and it has a £1,594 arrangement fee.
If you are looking to remortgage, it has a free valuation and legal service available to remortgage customers. This helps to lower the cost of switching lenders.
Borrowers will need to borrow above £150,000 to qualify and the maximum loan size is £1 million.
After the fixed rate period, the mortgage reverts to the lenders standard variable rate, currently 4.79%.
Aaron Strutt, product manager at Trinity Financial, says: “Many of our clients are taking longer term fixed rates and Virgin’s mortgage undercuts the vast majority of five-year fixes on the market.”
If you would like help to secure a best buy mortgage, call us on 020 7016 0790.
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