Virgin Money has drastically decreased the rates on some of its Help to Buy fixed rate mortgage deals, including its five-year product, which has been reduced by 0.80% to make it a Moneyfacts best buy.
This mortgage now has a competitive rate of 4.99% fixed until 1.4.20, available at a loan-to-value (LTV) of 95%. A low fee of just £99 is payable.
As a Help to Buy product, this deal is only available to first-time buyers and homemovers with a deposit of 5%. An enticing incentive package consisting of a £300 rebate is available to all borrowers.
Borrowers are also given the option to make overpayments and take payment holidays, provided certain conditions are met.
Home purchasers with a small deposit are likely to find this deal very attractive. The rate is a competitive one while the low fee and the £300 rebate add to the appeal by helping to keep set-up costs down. The flexible repayment options are also a bonus, earning this mortgage a well-deserved place in the Moneyfacts charts.
The highest accolade of five Moneyfacts Stars has been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.