offering home owners the chance to get a 4 per cent home loan for the first time since the mini-Budget.
If you divorce or need to move home within two years of taking the Virgin loan out, and cannot port the mortgage, the early repayment charge is 8 per cent of the amount borrowed. This then tapers down to just 1 per cent in the ninth year. For the Lloyds deal, it is between 1 and 5 per cent, depending on how soon you sell., which experts expect will set the central rate at 4 per cent and likely rise bills for homeowners on tracker or variable rate deals.