Virgin Money has reduced the rate on its five-year fixed Help to Buy mortgage by 0.09%, earning it the top accolade and cementing its position in the charts as a result.
This mortgage now has a highly competitive rate of 4.60% fixed until 1.6.21. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
This deal is available to house purchase customers who possess a modest deposit of 5%. All borrowers can benefit from an attractive incentive package of a £300 rebate upon completion as well as the flexibility to make overpayments and take payment holidays, provided certain conditions are met.
Homebuyers who have only been able to amass a modest deposit will be heartened by this latest update. This deal boasts a competitive rate and also comes with no fees and an enticing incentive package, making it a cost-effective choice for those with a tight budget. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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