{"id":6028711,"date":"2020-01-20T10:57:30","date_gmt":"2020-01-20T10:57:30","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6028711"},"modified":"2023-11-07T11:59:34","modified_gmt":"2023-11-07T10:59:34","slug":"virgin-shakes-up-mortgage-range-with-three-for-two-mortgage-deals","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2020\/01\/20\/virgin-shakes-up-mortgage-range-with-three-for-two-mortgage-deals\/","title":{"rendered":"Virgin shakes up mortgage range with \u2018three for two\u2019 mortgage deals"},"content":{"rendered":"

Customers are being offered an extra year\u2019s peace of mind at no additional cost with the launch of a new range of fixed-rate mortgages from Virgin Money. <\/strong><\/p>\n

Borrowers can now get a fixed-rate residential or buy-to-let mortgage<\/a> over three years at the same rate as a two-year term.<\/p>\n

The new \u2018three for two\u2019 residential mortgages are available up to 90% loan to value (LTV) at an initial rate of 2.13% up to 1 May 2022 or 2023. Borrowers will also benefit from zero product fees, free valuation and free legal fees for those remortgaging. Plus an added incentive of \u00a3300 cashback for house purchases.<\/p>\n

According to Moneyfacts.co.uk, the three-year deal is in fifth place in their \u201890% LTV three-year fixed mortgage chart\u2019 (the two-year deal doesn\u2019t make the top ten).<\/p>\n

Buy to let borrowers benefit too<\/h4>\n

Moneyfacts places the new buy-to-let mortgage range second for the \u2018best interest rate for a buy-to-let mortgage at 75% LTV over a two or three-year fixed-term\u2019. The new Virgin deals under the \u2018three for two\u2019 banner are fixed at 1.56% for a maximum 75% LTV over a two or three-year initial term. An arrangement fee of \u00a31,995 is offset a little with \u00a3500 cashback on house purchases and \u00a3300 cashback for remortgages<\/a>. Borrowers seeking to remortgage are also incentivised with free legal fees and valuations<\/a>.<\/p>\n

Brokers get exclusive new deals<\/h4>\n

Borrowers preferring to secure a mortgage through a broker<\/a> can also take advantage of an exclusive new five-year fixed-rate residential mortgage deal (only accessible through brokers). The new deal is available with a maximum LTV of 65% at a rate of 1.49% fixed until 1 May 2025. The product fee of \u00a31,495 is offset by the free valuation and legal fees for those remortgaging and \u00a3300 cashback for house purchases.<\/p>\n

For buy-to-let landlords<\/a> dealing through a broker, the two-year fixed-rate mortgage for a maximum 80% LTV has dropped from 3.3% to 3.25% with a product fee of \u00a3995. The three-year fixed rate has also dropped from 1.74% to 1.56% at maximum 60% LTV with a fee of \u00a31,995.<\/p>\n

Andrew Asaam, head of mortgages at Virgin Money says: \u201cWe are delighted to launch these special offers at the start of 2020 and we hope these deals will help more customers to find their perfect home\u201d.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Customers are being offered an extra year\u2019s peace of mind at no additional cost with the launch of a new range of fixed-rate mortgages from Virgin Money. Borrowers can now get a fixed-rate residential or buy-to-let mortgage over three years at the same rate as a two-year term. The new \u2018three for two\u2019 residential mortgages… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":20704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[108],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6028711"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6028711"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6028711\/revisions"}],"predecessor-version":[{"id":6098202,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6028711\/revisions\/6098202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/20704"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6028711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6028711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6028711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}