Virgin Money has launched three new fixed rate residential mortgages.
The products will be offered exclusively through Virgin Money’s intermediary partners from Wednesday 6 November 2013, for a limited period of two weeks only.
The new products being launched are:
- A two-year fix at 1.89%, available up to 60% LTV. It is available for both purchase and remortgage.
- A two-year fix at 3.99%, available up to 90% LTV. It is available for purchase only and comes with £300 cashback.
- A five-year fix at 2.95%, available up to 60% LTV. It is available for both purchase and remortgage.
All of the above products have a £995 product fee and offer a maximum loan size of £250,000.
The additional incentives of a free basic valuation and free standard legal work are available for remortgage customers on these products.
Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We’re expecting these new mortgages to be very popular, and we are delighted to offer them to mortgage customers through our intermediary partners.”