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Help to Buy mortgage improved

Help to Buy mortgage improved

Category: Mortgages
Date: 02/09/2016

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 It is now over 6 months old so the content may be out of date.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 selected fixed rates across its mortgage range, including a 0.21% reduction to their five-year fixed Help to Buy deal. This improves its position in the Best Buy chart for its sector and comfortably earns it an excellent rating.

The basics…

This fee-free mortgage now boasts a rate of 4.39%, fixed to 01.11.2021, at 95% loan-to-value (LTV).

The finer details…

The deal is offered to first-time buyers with a deposit of just 5% who wish to take advantage of the Government Help to Buy Mortgage Guarantee Scheme. It comes with a £300 cashback incentive, and the option to make overpayments and request payment holidays, giving some much-relished flexibility for first-time homeowners.

Why we like it…

The rate cut on this mortgage strengthens its position in the charts. Combined with its fee-free status, flexibility and cashback incentive, it's attractive enough to first-time buyers to comfortably deserve its high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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