So far five banks have announced they will offer mortgages under the government’s Help to Buy scheme.
Some have begun releasing details of mortgage rates and fees, as well as when you can start applying for a Help to Buy mortgage.
Halifax, NatWest and RBS will all start taking mortgage applications this week. Virgin Money has said it will start offering mortgages in January, and HSBC said it will join the scheme later this year.
Here are details of the rates we have so far:
RBS mortgage rates for Help to Buy mortgage
RBS is offering a two-year, fixed-rate mortgage, starting at 4.99% if you have a 5% deposit – no fee.
Taking applications from this week.
Virgin Money mortgage rates for Help to Buy mortgage
Virgin Money is offering a two-year, fixed-rate mortgage, starting at 4.99% if you have a 5% deposit – no fee.
Taking applications from this week.
Halifax mortgage rates for Help to Buy mortgage
Halifax will offer a Help to Buy mortgage at 5.19% for those with a 5% deposit, with a fee of £995.
Taking applications in several days.
HSBC mortgage rates for Help to Buy mortgage
Details yet to be confirmed – has said it will join the scheme later this year.
Virgin Money mortgage rates for Help to Buy mortgage
Details yet to be confirmed. Will start offering mortgages in January 2014.
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