New Virgin Money Remortgage Products: Why You Need a Mortgage Advisor

by | Wednesday 11th Oct 2023 | Mortgage News

Virgin Money has recently introduced a host of new residential loan products and reduced interest rates across a selection of its offerings. These changes have sparked interest among homeowners looking to remortgage with Virgin Money. However, navigating the intricacies of these financial products can be a daunting task. That’s where a knowledgeable mortgage advisor like Oportfolio Mortgages comes into play, ensuring you secure the best remortgage deal tailored to your unique circumstances. Virgin Money’s latest offerings include remortgage exclusives, each featuring a £995 fee and a tempting £250 cashback incentive. The lender’s commitment to flexibility and choice is evident, as they have launched an array of options across various loan-to-value (LTV) ratios and fixed-rate terms. Let’s delve into the specifics of Virgin Money remortgage products and why enlisting the services of a mortgage advisor can make all the difference in the remortgaging journey.

Virgin Money Remortgaging: The New Deals

Two-Year Fixed-Rate Offers

For homeowners looking to secure a two-year fixed-rate deal, Virgin Money’s remortgage products present attractive options. At a 60% LTV, you can now lock in at a competitive rate of 5.40%. If you have a bit more equity in your property, the 70% LTV two-year fixed-rate loans have been launched at 5.49%, making them an appealing choice for many.

Five-Year Fixed-Rate Products

Virgin Money is also catering to those who prefer longer-term stability. The 60% LTV five-year fixed-rate products are now available at a rate of 4.95%, providing an excellent opportunity to secure a low interest rate for the foreseeable future. For homeowners with a 70% LTV, the five-year fixed-rate deals are available at 4.98%.

Seven-Year Fixed-Rate Products

For individuals seeking an even longer-term fixed-rate solution, Virgin Money has introduced seven-year fixed-rate products. At a 60% LTV, these remortgage options are now available at 4.95%, offering a considerable degree of financial security.

The Role of a Mortgage Advisor

While these Virgin Money remortgages present appealing opportunities, it’s essential to consider the complexity of the remortgaging process. Virgin Money’s remortgage products have their intricacies, and understanding them fully can be challenging. That’s where Oportfolio Mortgages can play a vital role. Mortgage advisors like the ones in team Oportfolio are experts in their field. They possess in-depth knowledge of the mortgage market, access to exclusive deals, and the ability to tailor solutions to your specific needs. Here are some reasons why using a mortgage advisor is crucial when it comes to a Virgin Money Remortgage:

1. Expertise

Our mortgage advisors are well-versed in the intricacies of Virgin Money’s remortgage products and can guide you through the entire process, ensuring you make informed decisions.

2. Exclusive Deals

Mortgage advisors often have access to exclusive deals that are not available to the general public. This means you might secure an even better rate or more favourable terms.

3. Customisation

Every homeowner’s financial situation is unique. Mortgage advisors assess your individual circumstances and tailor their advice to match your needs, helping you secure a remortgage that suits you perfectly.

4. Time-Saving

Remortgaging can be time-consuming and involve a lot of paperwork. Mortgage advisors handle the paperwork, saving you time and stress.

5. Cost Savings

By helping you find the best remortgage deal, mortgage advisors can save you money over the long term. They can negotiate lower interest rates and more favourable terms on your behalf.

What Virgin Money Has Withdrawn

While Virgin Money’s new remortgage products offer attractive opportunities, it’s important to note that the lender has also withdrawn several offers. The “7 Day Specials” with a £995 fee, including the 60% LTV five-year fixed-rate at 4.90% and the 70% LTV five-year fixed-rate at 4.95%, are no longer available. Virgin Money has also withdrawn specific remortgage exclusives, including two-year and seven-year fixed-rate deals.

Speak To A Mortgage Advisor About A Virgin Money Remortgage

Virgin Money’s new remortgage products provide homeowners with attractive options to refinance their properties and potentially save on their monthly mortgage payments. However, the complexity of the mortgage market, combined with the lender’s product changes, underscores the importance of using a mortgage advisor like Oportfolio. We can help you navigate the Virgin Money remortgaging process with confidence and secure a deal that best suits your financial situation. Call or email us today to arrange a free initial remortgage consultation. We are here to help.

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