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.
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 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.
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
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