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