07 August 2017
Virgin Money have provided you with tools and statistics to help you reach out to prospective remortgage customers, check out Virgin Money’s Remortgage Zone.
With around 3 million residential mortgages in the UK now on an SVR scheme1, many consumers could be missing out on the opportunity to save money or pay off their mortgage early thanks to low mortgage rates.
In fact, industry data indicates that 7 out of 10 homeowners could save money by moving off SVR onto a fixed rate mortgage.2
For more information, visit the Remortgage Zone or speak to your dedicated BDM.
1. Virgin Money analysis based on stock residential mortgage data from the CACI mortgage market database 30 April 2017.
2. Based on Virgin Money assumptions as to the new business interest rates available to, and savings achievable by, borrowers remortgaging away from a standard variable rate. This uses stock residential mortgage data from the CACI mortgage market database, 30 April 2017