Virgin Money offering Help to Buy mortgages

Just before Christmas Virgin Money launched a range of Help to Buy mortgages available up to 90% LTV for remortgages and 95% loan-to-value for purchase clients.

Virgin's mortgages do not have product arrangement fees as standard and they typically offer £300 cashback on all Help to Buy purchase applications. This is paid on completion.

Aaron Strutt, product manager at Trinity Financial, says: “Virgin's most competitive Help to Buy rate at 95% loan-to-value is a two-year fix at 5.29%. They also offer a three-year fixed rate at 5.39% and a five-year fix at 5.49%. After the fixed rate period these mortgages revert to the lenders current standard variable rate of 4.79%.

“If you are looking for a low deposit mortgage ideally borrowers will be able to put down a 10% deposit. The rates are around 1% cheaper and they are easier to qualify for.”

With more lenders offering Help to Buy mortgages it makes sense to shop around to ensure you are getting a competitive rate. For help to secure a mortgage call us on 020 7016 0790 or email  enquiries@trinityfinancialgroup.co.uk January 7, 2014