The first product is a two year fixed rate - 2.95% fixed until 1 January 2018. It is available up to 90% loan to value. Purchase customers also receive £500 of cashback, whilst remortgage customers benefit from free standard legal work and a free standard valuation. There is a £1,495 completion fee which can be added to the loan.
The second product is a four year fixed rate - 2.39% fixed until 1 January 2020. It is available up to 70% loan to value. Remortgage customers benefit from free standard legal work and a free standard valuation and along with purchase customers, there is a reduced completion fee of £495 which can be added to the loan.
Robert McCoy, Senior Product and Communications Manager at Sesame Bankhall Group (SBG) commented: “I expect these products to be popular with our members and their customers, especially those looking to remortgage. Many customers will have current mortgage products coming to the end of their product terms over the coming months and with these deals having term dates ending in January 2018 and 2020 they may benefit for the full two or four year periods respectively.”
Peter Rogerson, Commercial Director for Mortgages at Virgin Money said:
“Virgin Money is delighted to support Sesame with this range of exclusive products. We are committed to supporting the intermediary market and Sesame is a very valued partner."