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New entry in 3-yr fixed mortgage chart

New entry in 3-yr fixed mortgage chart

Category: Mortgages
Date: 05/10/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Virgin Money has reduced selected rates across its fixed mortgage range, including an impressive cut of 0.60% to its three-year deal. As a result, it has earned a place in the Best Buy chart for its sector, as well as a high Moneyfacts rating.

The basics…

This mortgage now boasts a rate of 2.74%, fixed to 01.01.2020, at 90% loan-to-value (LTV). It is fee-free.

The finer details…

The deal is offered to all borrowers with the necessary deposit. It comes with a generous incentive package, including £300 cashback for house purchasers, and free legal and valuation fees for remortgagors. It has the added flexibility of allowing borrowers to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

This deal deserves a place in the chart for its sector, as well as its high rating, due to not only its competitive rate, but also its lack of fee, added incentives and flexibility.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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