Virgin Money has launched a new range of products for the Scottish Help to Buy scheme.
Both available to 80 per cent LTV, there is a 2.04 per cent two-year fix and 2.79 per cent five-year fix on offer. The products have a £995 fee and come with £500 cashback.
The lender has also launched a ‘stamp duty buster’ range offering £2,500 cashback. There is a 2.95 per cent two-year fix and a 3.65 per cent five-year fix on offer, both of which are available to 80 per cent LTV and have a £995 fee.
Virgin Money commercial director for mortgages Peter Rogerson says: “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.”