Virgin Money reduces Help to Buy rates | Product News - Moneyfacts

Product News

Virgin Money reduces Help to Buy rates

Virgin Money reduces Help to Buy rates

Category: Mortgages
Date: 02/01/2015

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 It is now over 6 months old so the content may be out of date.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 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.

The basics…

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.

The finer details…

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.

Why we like it…

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close