The One Account
Mortgage Providers
The Virgin One account works by putting all funds in one place - mortgage, loans, savings and current account. There are three main ways the account can save money. It could be used to repay a mortgage early and so save on the future interest payments.
You could use your monthly income as well as your savings to reduce the mortgage and interest. As it's interest saved there's no tax to pay. It's the equivalent of earning 5.95% on your money - without paying tax. Interest is calculated on a daily basis and this means that you only pay interest on what you owe that day.
There are fees to pay and these include;
Land Registration
Valuation
Legal Fee
Though there are no arrangement or application fees to pay.
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This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR. The actual rate will depend on your circumstances. APR variable and based on a usual case. The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property.
Best UK Mortgages is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300. Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY
Entered on the Financial Services Authority's Register - Register Number: 314204 - Consumer Credit Licence Number: 573287







