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.
[ezcol_1fifth]Initial Rate: 2.79%[/ezcol_1fifth] [ezcol_1fifth]Subsequent:4.79%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison is 4.1%[/ezcol_3fifth_end]
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[/ezcol_2fifth] [ezcol_3fifth_end]APR The actual rate available will depend upon your circumstances. Ask for a personalised illustration.[/ezcol_3fifth_end]
- 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.
Important Information
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 Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
