+ +
You are here: Home - First Time Buyers - News -

Halifax and Virgin Money move back into the 90% mortgage market

0
Written by:
03/12/2020
The news will come as a boost to first-time buyers with a modest deposits, as a growing number of lenders now offer 90% deals
Halifax and Virgin Money move back into the 90% mortgage market

Virgin Money has launched a first-time buyer mortgage, available up to 90 per cent of the property’s value.

The mortgage is available to buyers with a 10 per cent deposit and is fixed for five years at 3.69%. It comes with a fee of £995.

Halifax is also relaunching 90 per cent mortgages next week. The deals are only available to first-time buyers, or joint applicants where one is a first-time buyer.

The lender said that an enhanced credit score will be required to access the mortgages and the deals won’t be available on newly built homes.

The mortgages are also capped at 4.49 times income with maximum loans of £500,000.

Other lenders to have boosted their product range at 90% of the property’s value include TSB, Atom Bank and Platform, part of the Co-operative Bank.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2020-2021

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
radiator
Does your home insurance leave you in the cold?

Not all policies are created equal, so check if your home insurance covers you for boiler breakdown

Close
+ +