View more on these topics

Virgin Money cuts first-time-buyer rates

Virgin Money has cut rates for first-time buyers by up to 0.90 per cent on its higher LTV products.

A two-year fixed rate up to 90 per cent LTV will become available at 4.99 per cent, down by 0.90 per cent from 5.89 per cent.

Loans up to 80 per cent LTV will be available from 3.59 per cent, down 0.60 per cent from 4.19 per cent, while loans up to 85 per cent LTV will become available from 4.09 per cent, representing a 0.70 per cent reduction from 4.79 per cent.

Virgin Money savings and mortgage director Anthony Mooney says: “Virgin Money is committed to supporting borrowers with smaller deposits including first-time buyers. The significant reductions we have made to the rates on our higher LTV mortgages will help make it easier for them to get their foot on the property ladder.”

Recommended

Ying Tan

Buy-to-letwatch

Christmas is fast approaching and if you’re like me you’ll be wondering where the year has gone, and what new exciting gifts you can buy your loved ones. If lenders are feeling festive and want to give intermediaries a present for 2013, here is our Christmas wish list. No shifting of goalposts Lenders sometimes add […]

David Finlay

Lessons learnt from direct access move

Back in January this year we opened the door to allow brokers direct access to named, dedicated underwriters for every residential mortgage application submitted. Generally speaking this was met with a positive response from the intermediary market. The main reasons for this decision were to help provide a consistent service whilst offering brokers a better […]

Graeme Yorston 60 seconds

60 seconds with Graeme Yorston, chief executive at Principality Building Society

You’ve just been appointed chief executive of Principality – where were you before that? Prior to being appointed chief executive, I was chief operating officer at Principality. What are the big challenges the mutual sector is facing at the moment? How do we get our message across to customers, and potential customers, about the significant […]