BTL range expanded at Virgin

Virgin Money has announced today that it has improved its intermediary exclusive buy-to-let range by reducing selected fixed rates and introducing new fixed rate options at 70% LTV. The new product range is available from today.

Related topics:  Finance
Warren Lewis
16th October 2015
Mortgage Rates

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.”

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