Virgin launch a new mortgage range that offsets FTB stamp duty.
Virgin Money has announced the launch of a first time buyer range that offsets stamp duty.
For those with a 5% deposit the lender is offering special deals to make the cost of buying a first time home more affordable at the outset.
Included in the lender’s new stamp duty range is a 2 year fixed rate mortgage for up to 95% LTV at 4.29%, which is offered fee free. A 5 year fix is also on offer fee free for the same LTV at 4.79%.
As well as being fee free and offsetting stamp duty, these products also come with £1,500 cashback.
In addition to these first time buyer products, the lender has also announced that it is reducing rates on its 2 year fixes by up to 0.31%.
Virgin also has a help-to-buy 5 year fix for up to 75% LTV at 2.68% offered with £500 cashback. A £995 product fee is charged on this mortgage.
If you are a first time buyer struggling to buy a home, you might find that a product that allows you to offset stamp duty, offers £1,500 cashback and comes fee free can make a big difference.
If you would like to compare Virgin’s first time buyer range against other lenders’ deals offered in the wider market, call us today at Deal Direct.
We compare all mortgages on a ‘like for like’ basis to ensure you get the one which really is the most competitive. We check all incentives to work out which really are worthwhile, after all there’s no point in going for a deal with cashback if the rate charged makes it uncompetitive.
For first buyer mortgage advice and a quote,
speak to one of our advisers today.
0800 048 8828
