Virgin Money has announced today that it has launched a new range of Help to Buy Equity Loan products to support Scotlandâ€™s Help to Buy scheme. According to the lender, the products will be available from today, Wednesday 25th May.
The 80% LTV Help to Buy Equity Loan products include:
• Two-year fixed rate available at 2.04% (£995 product fee, £500 cashback)
• Five-year fixed rate available at 2.79% (£995 product fee, £500 cashback)
A new ‘Stamp Duty Buster’ range has also been launched, with £2,500 cashback, designed to help cover Stamp Duty as well as other costs.
The new Stamp Duty Buster products are:
• Two-year fixed rate at 80% LTV available in Scotland at 2.95% (£995 product fee, £2,500 cashback)
• Five-year fixed rate at 80% LTV available in Scotland at 3.65% (£995 product fee, £2,500 cashback)
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said: “These new Help to Buy Equity Loan products demonstrate our support for people who want to realise their dream of owning their own home. The new products are designed specifically to support Scotland’s Help to Buy scheme.”