More and more customers are opting for longer-term fixed mortgages. In 2018, 45% of remortgage customers chose to fix for five years or longer. That’s up from 30% in 2016.¹
The number of longer-term fixed rate options has increased too. There are now over 40% more ‘5+ year’ deals compared to 2016.² With rates still close to record lows, and uncertainty ahead, now’s the time to make the most of this.
Virgin Money can help you give your clients certainty
They offer 5, 7 and 10 year fixed rate deals, including fee saver options, plus free standard legal work and a free basic valuation on remortgages. Take a look at their current deals.
Plus, for a limited time residential remortgage cases up to 65% LTV will get their speedy service promise. They’ll take your fully-packaged case to Offer in five days, or they’ll give your client £100. This applies to applications submitted in January, terms apply.
To find out more, visit our website or talk to your dedicated Business Development Manager.
- Virgin Money analysis based on stock residential mortgage data from the CACI mortgage market database September 2018.
- Virgin Money analysis of Moneyfacts Analyser data, correct as at 28 September 2018.
