Virgin launches leading four and five year fixes
Virgin Money for Intermediaries has launched a range of leading broker exclusive four and five-year fixed rate mortgages.
Their four-year fix is particularly low at 2.99% and borrowers will need a 40% deposit to access it. The arrangement fee is £995 and the APR is 4.4%.
If you are looking for a low five-year fix and you have a 50% deposit, Virgin offers a near market leading rate at 3.09%. The APR is 4.4% and the arrangement fee is £1,495.
Aaron Strutt, product manager at Trinity Financial, says: "The four-year fix is available for mortgages between £200,000 and £500,000 - although the five-year fix is available up to £1 million. After the fixed rate period the mortgage reverts to the lenders standard variable rate, currently 4.79%.
“Over the last few weeks the lenders have been lowering their rates as they look to attract more borrowers. It is surprising rates are still coming down.”
If you would like help to secure a four or five-year fixed rate mortgage, call Trinity on 020 7016 0790.
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