Virgin Money has reduced selected fixed rate mortgages across its range, with the Help to Buy deal benefiting from an outstanding 0.19% rate cut to secure it a position in the Moneyfacts charts.
This mortgage is now priced at 3.79% to 1.6.16 and is available at a loan-to-value (LTV) of 95%. Not only does it boast the lowest rate currently available in its sector, but it comes with absolutely no fees, helping keep upfront costs to a minimum.
The deal is offered to house purchase customers with a deposit of just 5%. It also comes with a generous incentive of a £300 rebate on completion, together with added flexibility in the form of permitting overpayments and payment holidays, provided certain conditions are met.
The rate cut to this mortgage has seen it storm straight to the top of the charts, offering new buyers the chance to benefit from the lowest rate available. That, together with its lack of fee, generous incentive package and added flexibility, ensures that it comfortably receives the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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