Sesame launches exclusive mortgage products via Virgin Money

→ Appointed representatives of Sesame network have access to two new fixed rate exclusive mortgage products from Virgin Money (through Northern Rock).
• 3.59% fixed until 1st January 2015
• 3.89% fixed until 1st January 2018

PRESS RELEASE
 
8 October 2012

Sesame launches exclusive mortgage products via Virgin Money

Appointed representatives of Sesame network have access to two new fixed rate exclusive mortgage products from Virgin Money (through Northern Rock).

  • 3.59% fixed until 1st January 2015
  • 3.89% fixed until 1st January 2018

Both products are available for loans up to 75 per cent loan to value for clients either looking to purchase a property or remortgage an existing one. The products include a free standard valuation fee and free legal fees for remortgages.

Robert McCoy, senior product and communications manager, commented:

We are grateful to Virgin Money for providing these products at a time when our advisers are revisiting those clients sitting on standard variable rates. These exclusive products are excellent additions for our members to show these clients how they can give them security in the knowledge that their mortgage payment will not increase over the two or five year period and may even be able to save them money over the fixed period. I expect the five year product to be extremely popular.

Richard Tugwell, head of intermediaries at Virgin Money added:

These exclusive products provide additional choice to those customers seeking the certainty and security of fixed rates, rather than variable rates which could go up in the future. Our intermediary partners are at the heart of Virgin Money’s mortgage business, and we are therefore pleased to be able to offer these products through the Sesame network.

- Ends -

Further media enquiries
Jared Aitken, Head of media relations
Sesame Bankhall Group
Mobile: 07801 500466
e: [email protected]

Jon Atkins, MRM
Office: 020 3326 9915
Mobile: 07557 286721
e: [email protected]

About Sesame Bankhall Group

Product Details

2 Year Fixed Rate

 3.59% Fixed until 1.1.2015
 Available for Purchase and Remortgage
 Maximum 75% LTV
 Non-refundable fee £99
 Product Fee £495 ERC: 2.5% of outstanding secured loan balance on full redemption before 1.1.2015
 Free Basic Valuation and Free Legal Fees for remortgage customers

5 Year Fixed Rate

3.89% Fixed until 1.1.2018
Available for Purchase and Remortgage
Maximum 75%
LTV Non-refundable fee £99
Product Fee £495
ERC: 5% of outstanding secured loan balance on full redemption before 1.1.2018
Free Basic Valuation and Free Legal Fees for remortgage customers

About Sesame Bankhall Group

Sesame Bankhall Group (SBG) operates three distinct distribution brands
  • Sesame is the UK’s largest appointed representative (AR) network with 1,300 member firms
  • ·         Bankhall is the market-leading support services business for 1,500 directly regulated IFAs. 
  • PMS operates the largest mortgage club for directly regulated mortgage brokers in the UK.

Services provided include compliance and regulatory support, access to one of the UK’s most comprehensive training and development programmes, in-depth product research, preferential PI terms and access to the latest technology to enable advisers to write business more efficiently.

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Sesame Bankhall Group Limited, company number 3573352. Sesame Limited, company number 2844161. Sesame Services Limited, company number 2338540. Bankhall Support Services Limited, company number 2785381. Sesame General Insurance Services Limited, company number 01902998. Premier Mortgage Service Limited, company number 05011650. Each company is registered in England & Wales with a registered office at Pixham End, Dorking, Surrey, RH4 1QA. Bankhall Support Services Limited and Sesame Limited are authorised and regulated by the Financial Conduct Authority. Sesame General Insurance Services Limited and Premier Mortgage Service Limited are appointed representatives of Sesame Limited.