Big opportunity for clients with small deposits
With so many factors to take into consideration, first time buyers need intermediary advice more than any other segment of the residential market. Now’s the time to give them a helping hand.
Here’s why…
- There were almost 100 more 95% LTV products available in 2018 than there were in 2017. That’s a 41% increase, giving your first time buyers plenty of choice.¹
- Rates on 95% LTV deals have also fallen by an average of 0.60% since 2017. The average 95% LTV 2 year fixed rate deal is 3.53%.¹
- The number of first time buyers in 2018 was up 4% against 2017.² The Government’s stamp duty waiver, Help to Buy scheme and Shared Ownership initiative have all helped.
Virgin Money deals are ready to go
With fee-free deals up to 95% LTV (90% LTV on new build houses) with cashback, Virgin Money are ready to help your first time buyers get a foot on the property ladder. Let them work with you to make the most of these opportunities.
To find out more, visit Virgin Money’s website or talk to your dedicated Business Development Manager.
- Virgin Money analysis of Moneyfacts Analyser data 10 December 2018.
- Virgin Money analysis based on 2018 first time buyer completion data from CACI mortgage market database September 2018.
