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

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...