Virgin Money unveils HTB London deals

Published on

Virgin Money has launched a new range of Help to Buy Equity Loan products to support London’s Help to Buy scheme.

These new products are available now.

The 55% LTV Help to Buy Equity Loan products include:

  •          Two-year fixed rate available at 1.78% (£995 product fee, £500 cashback).
  •          Five-year fixed rate available at 2.40% (£995 product fee, £500 cashback).

These products will be attractive for the London Help to Buy scheme that offers a government loan of up to 40%, with the customer providing a minimum 5% deposit.

The 55% LTV range is also available for customers buying outside of the London area.

Peter Rogerson, Virgin Money’s commercial director for mortgages said: “London’s Help to Buy scheme is incredibly important for those who want to realise their dream of owning their own home in London.

“Our new products have been designed specifically to support the London scheme and we look forward to working with our intermediary partners in the capital.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...