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Friday, May 4, 2018

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Virgin Money launches long-term fixed rate mortgage range

Martin Greenland | 16:57 Wednesday 30th May 2018

Virgin Money has introduced a range of seven- and 10-year fixed rate residential mortgage products.

These new products are available for house purchase, remortgage and product transfer, with remortgage customers also benefiting from a free valuation and free legal work.

Some of these products also include cashback of up to £300.

New residential mortgage products include:

• 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)
• 10-year fixed rate at 65% LTV at 2.59% (£995 product fee)
• 10-year fixed rate at 75% LTV at 2.65% (£995 product fee)
• 10-year fixed rate at 90% LTV at 3.25% (£995 product fee)

Andrew Asaam, director of mortgages at Virgin Money, said that it was delighted to launch its new long-term fixed rate mortgages.

“We have seen an increased appetite from customers wanting the opportunity to future-proof their mortgage repayments.

“With interest rates still relatively low we're offering homeowners the peace of mind of low mortgage payments for the next seven to 10 years.”

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