Help to Buy – 2.54% rate
Help to Buy
New Help to Buy Mortgage rate
A new help to buy mortgage rate of 2.54% will be available from one of our lenders from tomorrow adding further competition into this market.
With the rate fixed for two years and the product fee for first time buyers just £400, this new product leads the market for competitiveness.
Help to Buy example
Market value £250,000
Cash deposit £12,500 (5%)
Equity Loan £50,000 (20% interest free)
Mortgage required £187,500
Mortgage payments would be just £852 per month
based on 2.54% rate and 25 year term capital repayment
We look forward to assisting help to buy purchasers with this exciting new product.