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Virgin lowered rates
robrymond
Posts: 728 Forumite
We are currently in application stage and the valuation has taken place for a 85% LTV mortgage with Virgin, based on 3.32% and a £995 product fee (which we have paid).
Yesterday they lowered rates to 2.99% so has anyone experience of switching during the application phase to a better rate?
Yesterday they lowered rates to 2.99% so has anyone experience of switching during the application phase to a better rate?
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Comments
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You can try asking the lender/broker to see if they can transfer you. Is there a product fee with the new rate?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1 -
Ask to switch the products. It should be fine, you may need to provide updated documents, but the broker or lender will tell you if anything is needed.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.1
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Yes product fee is £995 the same. They only just started assessing documents on Thursday and have requested a few more bits. My broker is off next week but says call Virgin and they should.csgohan4 said:You can try asking the lender/broker to see if they can transfer you. Is there a product fee with the new rate?0
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