Virgin Money has increased the rate on its Help to Buy two-year fixed mortgage, but despite this, it has retained a coveted chart place thanks to its ongoing competitiveness.
This mortgage now has a rate of 3.85% fixed until 1.6.18, which is still competitive enough to keep it a chart place. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
This deal is open to house purchase customers who have amassed a modest deposit of 5%. All borrowers can profit from an enticing incentive package of a £300 rebate and the opportunity to make overpayments and take payment holidays, provided certain conditions are met.
This mortgage may have undergone a rate increase, but it still offers small deposit holders a competitive deal – the rate remains attractive and the absence of any fees alongside a £300 rebate means that it will be ideal for those who are looking to keep upfront costs down. The deal is sweetened further by the flexible repayment options, ensuring that its chart place is well-deserved.
Moneyfacts rating: Excellent
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