H2B mortgage gets a rate cut | Product News - Moneyfacts

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H2B mortgage gets a rate cut

H2B mortgage gets a rate cut

Category: Mortgages
Date: 08/02/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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