The new scheme, labelled Rate Reducer, launched this month with Halifax, Virgin Money and Barratt Developments. For some buyers with a high deposit or equity, rates below 1.89% could be available. The scheme will offer more power to consumers over their monthly outgoings, which in turn will give many more people the confidence to make their first or next home move. Own New Rate Reducer works by using incentive budgets which housebuilders offer to customers to reduce their monthly mortgage... Read this story
