Sesame has launched two exclusive fixed rate products to appointed representatives of its network via Virgin Money, which are available for both purchase and remortgage customers.
The first product is 2.64% fixed for two years. It is available up to 90% loan to value and includes a £500 cashback for purchase customers. Remortgage customers receive a free standard valuation and free legals. This product has no up-front booking fee and a £495 arrangement fee, which is payable on completion.
The second product is a 5 year fixed rate of 2.24%. It is available up to 60% loan to value. Remortgage customers receive a free standard valuation and free legals. This product has no up-front booking fee and a £995 arrangement fee, which is payable on completion.
Rob McCoy, Senior Product Manager at Sesame Bankhall Group (SBG) commented:
“These will be amongst the most competitive products in the market and will, I’m sure, be popular with our members. We saw at the start of the year a demand from our members and their customers for this type of 5 year product so we are delighted that Virgin Money has been able to respond with this offering.”
Peter Rogerson, Commercial Director for Mortgages at Virgin Money said: “Virgin Money is committed to supporting the intermediary market. Sesame is a valued intermediary partner and we are delighted to support the network with these new exclusive products.”