We’re ready and set to go in 2018, so let’s cut to the chase. 7 out of 10 homeowners could cut their rate by moving off their SVR.*
Monthly Savings
| Product term | £100,000 loan amount | £250,000 loan amount |
|---|---|---|
| 2 year fix | £153 | £391 |
| 5 year fix | £128 | £331 |
Savings over fixed rate term
| Product term | £100,000 loan amount | £250,000 loan amount |
|---|---|---|
| 2 year fix | £3,668 | £9,393 |
| 5 year fix | £7,709 | £19,850 |
Savings based on moving from the market average SVR to Virgin Money’s 2 and 5 year fixed rates.**
There are lots of ways we can help them:
- Deals up to 90% LTV with fee saver products.
- Day one remortgages with applications accepted up to 90% LTV***
- Payment holidays on residential and buy-to-let mortgages.†
- Speedy offers to your clients – we underwrite your cases up front and instruct valuations straightaway.
To find out more, visit our Remortgage Zone website or talk to your dedicated Business Development Manager.
**Based on moving from the market average SVR of 4.77%, to our 2 Year Fixed Rate at 1.48% and 5 Year Fixed Rate at 2.01%. Both available at 65% LTV, with a £995 fee which is added to the loan, over a 15 year term, on a repayment mortgage. Free basic valuation on properties under £3m and free standard legal work, an application fee may apply. Savings rounded to the nearest pound. Average Standard Variable Rate based on whole of market. This does not include any loyalty SVRs (correct as at 6 December 2017).
***Valuation will be based on the original purchase price if it’s within six months of completion.
†Subject to the terms and conditions on your client’s mortgage and our prior agreement.
