Virgin extends product transfer window by 60 days
Brokers can now apply for their customer's new rate up to six months before their current rate matures.
Virgin Money has extended its product transfer window from four to six months.
There’s no change to the product transfer application process, however brokers using the desktop version of VMO will need to download the latest update to take advantage of the six month window.
Yesterday, Virgin reduced selected product transfer fixed by up to 0.37%, with rates starting from 5.17%.
As part of its product refresh, Virgin launched a new range of exclusive products and reduced rates across its range, with residential rates now starting from 4.97% and buy-to-let rates from 4.87%.
The latest data from UK Finance shows that there are around 800,000 residential fixed rate deals ending in the second half of 2023, with around 1.6 million deals due to end in 2024.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
FCA
MPs call for investigation into FCA's treatment of whistleblowers
Mortgage Rates
Average five-year fixed rate mortgage hits 6%
