Virgin tops the 3-yr mortgage chart | Product News - Moneyfacts

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Virgin tops the 3-yr mortgage chart

Virgin tops the 3-yr mortgage chart

Category: Mortgages
Date: 14/09/2016

Virgin Money has reduced the rate on its three-year fixed mortgage deal, making it the lowest for its terms. As a result, this deal has moved straight to the top of the charts for its sector, while also earning itself an outstanding rating.

The basics…

This mortgage now boasts a rate of 1.69%, fixed to 01.11.2019, at 65% loan-to-value (LTV), becoming the market-leader at this level. It comes with a £995 fee.

The finer details…

The deal is offered to house purchase customers with the necessary deposit. It comes with the option to make overpayments and take payment holidays, giving some welcome flexibility.

A version of this deal is also available for remortgagors, including a heightened incentive package.

Why we like it…

The reduced and now market-leading mortgage rate, along with the deal's flexibility, justifies its move to the number one spot in the chart, as well as the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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