More banks enter the Help to Buy mortgage market

Aaron Strutt Image
Santander and the Post Office are the latest lenders to announce plans to offer 5% deposit mortgages through the second phase of the Help to Buy Scheme. Most of the bigger lenders are offering Help to Buy mortgages although some rates are more expensive than others. Santander's 5% deposit mortgage is expected to be fixed for two-years at 4.99% although the Post Office (funded by the Bank of Ireland) has not unveiled its rates yet. Just before Christmas Virgin Money launched a range of Help to Buy mortgages and their most competitive rate is a two-year fix at 5.29%. They also offer a three-year fix at 5.39% and a five-year fix at 5.49%. Aaron Strutt, product manager at Trinity Financial, says: “If you are looking for a Help to Buy mortgage the rates are around 1% cheaper if you can raise a 10% deposit.” For help to secure a best buy mortgage call us on 020 7016 0790. January 10, 2014
Get Started

Get started today

Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.

Google Reviews
Trustpilot
Book a Consultation Talk to an Expert
As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times