Virgin launches Help to Buy London range

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Virgin Money has launched a range of products for Help to Buy London.

It is offering a 1.78 per cent two-year fix and a 2.4 per cent five-year fix, both of which have a £995 fee and come with £500 cashback.

The London Help to Buy scheme offers borrowers a Government loan of up to 40 per cent of the property price, with the customer putting down at least 5 per cent.

Virgin commercial director for mortgages Peter Rogerson says: “London’s Help to Buy scheme is incredibly important for those who want to realise their dream of owning their own home in London.

“Our new products have been designed specifically to support the London scheme and we look forward to working with our intermediary partners in the capital.”