Virgin unveils Help to Buy London range

The 1.78% product is a 2-year fix while the lender is also offering a 2.40% 5-year fix, both with a £995 product fee and £500 cashback.

Virgin Money has unveiled a range of Help to Buy London mortgages starting from 1.78% to 95% loan-to-value (including the 40% government equity loan).

The 1.78% product is a 2-year fix while the lender is also offering a 2.40% 5-year fix, both with a £995 product fee and £500 cashback.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “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.”