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Evening Standard

Business

Daniel O'Boyle

Virgin offers sub-4% five-year fix for new purchases

(Anthony Devlin/PA)
(Picture: PA Archive)

Virgin Money has become the first lender to offer a sub-4% mortgage for new purchases since Liz Truss and Kwasi Kwarteng’s mini-budget sent rates skyrocketing.

While HSBC launched a five-year fix at 3.99% yesterday, that deal was only available to those who are remortgaging or switching rates. Virgin’s offer will be the first sub-4% deal since September 2022.

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