Autumn Statement 2013: Virgin & Aldermore join H2B

Autumn Statement 2013: Virgin and Aldermore to join Help to Buy this month

Chancellor George Osborne has announced that Aldermore and Virgin will join the Help to Buy Scheme this month.

RBS, NatWest, Halifax and HSBC have joined the scheme and announced their product details.

RBS and NatWest are offering a two-year fixed-rate deal mortgage at an interest rate of 4.99% and a five-year fix at 5.49%. Neither come with fees. The banks are taking applications from today.

Halifax has announced two two-year fixes. One has a rate of 5.19% and comes with a fee of £995, and the other has a rate of 5.59% but is fee free. 

HSBC is offering new homebuyers two fixed-rate mortgages up to 95% loan to value (LTV) from Monday 25 November. The bank will launch a two-year deal at 4.79% and a five-year deal at 4.99%, both reverting to the lender’s standard variable rate (currently 3.94%) with a booking fee of £99.

Santander, Barclays and OneSavings Bank will also join the scheme but have yet to say when they will start taking applications or announce interest rates and fees.