Virgin Money unveils 7 and 10-year fixes

Ryan Bembridge

May 25, 2018

virgin money

Virgin Money has today launched a selection of 7 and 10-year fixed rate residential mortgages.

There are a trio of 7-year fixes, at 2.37% to 65% loan-to-value with a £995 product fee, 2.42% to 75% LTV with a £995 fee and 2.95% to 90% LTV with no fee.

Meanwhile its 10-year fixes stand at 2.59% to 65% LTV, 2.65% to 75% LTV and 3.25% to 90% LTV, all with a £995 fee.

Andrew Asaam, director of mortgages at Virgin Money, said: “We’re delighted to launch our 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.”

The products are available for house purchase, remortgage and product transfer, with remortgage customers being offered a free valuation and free legal work. Some purchase products include cashback of up to £300.

The products are portable to a new property and borrowers can make overpayments of 10% per year without charge.

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