Virgin Money offering 2.49% four-year fix remortgage rate
Virgin Money for Intermediaries has launched an impressive 2.49% four-year fix remortgage rate. It has an APR of 4% and the arrangement fee is £995.
In order to qualify borrowers will need at least 40% equity in their property and be looking to secure up to £1 million.
Virgin provides a free property valuation and legal service, keeping the cost of switching lenders to a minimum.
Aaron Strutt, product and communications manager at Trinity Financial, says: “At the moment Virgin’s rate undercuts virtually all of the five-year fixes available on the high-street.
“Most of the lenders tend to offer two, three and five-year fixes, although four-year fixes are popular with some borrowers.
"If you are looking to purchase a property, Virgin has a range of four-year rates available. They are around 0.4% more expensive.”
After the fixed rate period the mortgage reverts to the lenders standard variable rate, currently 4.79%.
If you would like help to secure a leading four-year fix, call Trinity on 020 7016 0790.
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