Its 2-year fixes now stand at 2.38% with no product fee and 1.94% with a £995 fee while its 5-year fix stands at 2.60% with a £995 fee, all with £500 cashback.
Virgin Money has made rate reductions on a selection of Help to Buy equity loan products.
Its 2-year fixes now stand at 2.38% with no product fee and 1.94% with a £995 fee while its 5-year fix stands at 2.60% with a £995 fee, all with £500 cashback.
The lender has also launched a 2-year fix at 1.84% with a £995 fee.
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “The Help to Buy equity loan scheme provides welcome support for first time buyers and homemovers buying new build property, and we’re delighted to continue our support for the scheme with these latest improvements to our product range.”
The lender has also changed its core residential mortgage range, as 75% LTV 2-year fixed rate and tracker products both stand at 2.38% with no fee.
Virgin has removed its previous maximum loan size of £187,500 on Help to Buy equity loan ‘stamp duty buster’ products.
