In addition to the BTL changes, Virgin has also made changes to it residential line.
• Two-year fixed rate at 90% LTV reduced by 0.18% to 2.79% (£995 product fee, £300 cashback for purchases)
• Three-year fixed rate at 90% LTV reduced by 0.10% to 3.15% (£995 product fee, £300 cashback for purchases)
• Five-year fixed rate at 85% LTV reduced by 0.09% to 2.94% (£995 product fee, £300 cashback for purchases)
New buy-to-let fixed rates available exclusively through intermediaries
• Two-year fixed rate at 70% LTV launched at 2.54% (£1,995 product fee, £500 cashback)
• Two-year fixed rate at 70% LTV launched at 2.85% (£995 product fee, £500 cashback)
• Five-year fixed rate at 70% LTV launched at 3.60% (£1,995 product fee, £500 cashback)
Intermediary exclusive buy-to-let changes
• Two-year fixed rate at 60% LTV reduced by 0.06% to 2.13% (£1,995 product fee, £500 cashback)
• Two-year fixed rate at 60% LTV reduced by 0.10% to 2.45% (£995 product fee, £500 cashback)
• Five-year fixed rate at 60% LTV reduced by 0.05% to 3.19% (£1,995 product fee, £500 cashback)
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said: “A good supply of housing in the private rented sector is an important part of the market, and we are delighted to support landlords with these latest improvements to our buy-to-let products, which are available through all of our intermediary partners.”