Virgin Money has announced today that it has launched a new range of products for the Help to Buy Equity scheme in London – including a two-year fix at 55% LTV is available at 1.78%.

A five-year fixed rate is available at 2.40%. Both products come with a £995 product fee and £500 cashback.

The 55% LTV range is also available for customers buying outside of the London area.

Earlier this week, Virgin launched a new range of Help to Buy Equity Loan products for Scotland. Available at 80% LTV, the two-year fixed rate is available from 2.04% and the five-year fix from 2.79%.

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.”