Virgin 5 year fixed remortgage offer aimed at loans over £150,000 with Free Valuation and Free Legals.
Virgin Money 5 year fixed remortgage offer aimed at loans in excess of £150,000 could be the gem you have been waiting for. The rate is exceptional and the product comes complete with a free basic legal service and free valuation. This a great long term remortgage product for 2014 which gives comfort to mortgage holders with large mortgages as rates will likely start to rise in 2015.
Initial Rate: 2.79% Subsequent:4.79% The overall cost for comparison is 4.1%
- Features: Fixed until 1/12/2019. Typically 5 times income (depends on credit score). Free basic legal service.
- Minimum deposit / equity: 40%
- Valuation fee: FREE
- Other main lender fees: £99 application fee. £1,495 arrangement fee.
- Early repayment charges: 5% of the amount redeemed to 1/12/2019
MY COMMENTS: As all economists are predicting rate rises a 5 year fix could be the prefect solution particularly for large loans.
For more information on Virgin Money 5 year fixed remortgage offer please complete the enquiry form on this page or call us on 020 7993 2044.
Rates current as at 16/9/14 . The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. Eligibility will depend on your own personal circumstances.
Key: ERC = Main early repayment charge
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.