Openwork has launched a range of exclusive fixed rate products from Virgin Money.
The new deals are the first exclusives to be launched through Openwork since Virgin Money acquired Northern Rock in January 2012.
The two products are as follows:
- A three-year fixed rate residential mortgage available for purchase or re-mortgage with a headline rate of 2.95% and a £1,395 product fee. The exclusive includes £200 cashback and is available for borrowers up to 60% LTV.
- A two-year fixed rate buy-to-let mortgage available up to 70% LTV, at a rate of 3.85% and with a product fee of £2,495. Cashback of £500 is available on this product.
Paul Shearman, mortgage, protection and general insurance proposition director, said: “Having worked closely with the product team at Virgin Money on designing these extremely competitive products, I am confident that they will be a big hit with Openwork’s advisers and their clients.”
Richard Tugwell, head of intermediary sales at Virgin Money, said: “The relationships we have with our intermediary partners are at the heart of Virgin Money’s mortgage business. We are delighted to be able to offer these exclusive products through Openwork, demonstrating our ongoing commitment to the intermediary market.”