Virgin Money launch 2.79% exclusive four-year fixed rate mortgage

by Aaron Strutt

Oct 29 2013

Trinity Financial has secured access to Virgin Money's leading four-year fixed broker exclusive rate at 2.79%. The APR is 4.4% and the mortgage reverts to the lenders standard variable rate of 4.79%.

Borrowers will need a 30% deposit to access this rate and it has a £995 arrangement fee. It is available for both purchase and remortgage customers and it has a maximum loan value of £1 million. Free valuations and legal services are offered to remortgage customers.

Trinity's product and communications manager Aaron Strutt told Mortgage Strategy magazine: “Traditionally, we see more two, three and five-year products from lenders but some borrowers will like the idea of locking in a rate for four years as opposed to five.

“These rates look encouraging and we may now start to see more of these four-year products enter the market as they give borrowers an extra option in terms of how long they want to fix their mortgages for.”

If you would like help to secure a best buy mortgage, call us on 020 7016 0790.

October 29, 2013