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- The Virgin One Account Mortgage
- jackarmy's review
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Picture courtesy of Peter.
| Value for Money | 4.9/10  |
|---|---|
| Reviewer Rating | 5/10 |
| Overall Rating | 4.9/10  |
By jackarmy
on 18th Apr 2008
| Product | Variable rate |
|---|---|
| Repayment Method | Repayment |
| Value for money | 1/10 |
| Overall value | 2/10 |
 jackarmy's recommendation | |
Fantastic UK based customer service
Excellent internet, allows me to forecast my month end balance to budget correctly
Facility to do want you want when you want, providing its all paid back at the end.
RBS/Natwest network of branches.
Everything is run from 'One' account making it easy for manage
Not for the faint-hearted or those who like retail therapy
Despite giving the impression that this is a 'tracker type' mortgage, both with their hype and previous correspondence from their MD, they have failed to pass on the latest rate cut.
This now means that if you have a low LTV>50% you will be paying 6.35%. An LTV of 90.01%-95% is a whopping 6.95%
If you are thinking of this type of mortgage you will need to weigh up whether the benefits are worth the extra costs.
I will be looking to take my business to somewhere more affordable.
Bye Bye Virgin
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