You are here: Home - Specialist Mortgages - News -

Virgin Money reduces Help to Buy rates

0
Written by:
18/02/2015
Virgin Money has become the latest lender to reduce its mortgage rates, cutting residential, Help to Buy and buy-to-let products.

Borrowers wishing to use the government’s Help to Buy scheme now have access to a 90% loan-to-value mortgage at 3.44%, fixed for two years.

At 95% loan-to-value the same product is on offer at 4.68%. Both products also have cashback offers available to those purchasing a new home.

For the wider market the lender has launched a two-year fixed rate mortgage for those with a 20% deposit to 2.04%. A £995 product fee applies. This product is available exclusively through mortgage brokers.

For those with just a 10% deposit, it has also launched a fee-free two-year fix at 3.44%.

In the buy-to-let range a three-year fix at 75% loan-to-value is now available at 3.59%, with a £995 product fee. A fee-free two-year fix for those with a 40% deposit has also been launched at 2.99%.

Peter Rogerson, Virgin Money’s mortgages director said: “Our refreshed mortgage product range continues to reinforce Virgin Money’s strong competitive position in the mortgage market.”

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 >