Mortgages  

Virgin Money launches first 6-year fixed mortgage

Virgin Money has launched new 6-year fixed rate mortgages, starting from 2.99 per cent and available at the same rates as equivalent 5-year products.

They constitute the only 6-year fixed rate mortgages available in the market, Virgin Money said in a statement.

The products are available for purchase and remortgage customers and will be available from today (17 September) for a limited period only.

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The two new 6-year fixed-rate products, include a 2.99 per cent rate up to 70 per cent loan-to-value, with a £995 product fee and a 3.59 per cent rate up to 70 per cent LTV with no product fee.

Peter Rogerson, Virgin Money’s savings and mortgages director, said: “This is the only 6-year fixed rate mortgage available in the market and we are delighted that we can offer it to customers at the same rate as for five years.

“It’s a great choice for those customers looking for a prolonged period of certainty with their mortgage payments. We expect this to be a very popular product so it will only be available for a limited period.”