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BTL rates reduced at Virgin

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BTL rates reduced at Virgin

Virgin Money has announced that from today it has made a number of rate reductions on selected products across its buy-to-let and core residential mortgage ranges.

Key changes to the core buy-to-let product range

• Two-year fixed rate at 75% LTV at 2.38% (£1,995 product fee, £500 cashback)
• Five-year fixed rate at 60% LTV at 3.19% (£995 product fee, £500 cashback)

Key changes to the intermediary exclusive buy-to-let product range

• Two-year fixed rate at 50% LTV at 1.95% (remortgage only, £1,995 product fee, £500 cashback)
• Two-year fixed rate at 60% LTV at 2.19% (£995 product fee, £500 cashback)
• Five-year fixed rate at 50% LTV at 2.89% (remortgage only, £1,995 product fee, £500 cashback)
• Five year fixed-rate at 60% LTV at 2.99% (£1,995 product fee, £500 cashback)

Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said: “We’re delighted to introduce the latest update to our mortgage range to continue supporting both residential borrowers and landlords. The market has been in good shape so far in 2016 and we remain committed to supporting customers and mortgage brokers with a strong product set and service proposition.”


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Paul
Paul 25 May 2016

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Johna
Johna 20 May 2016

"Easier said than done" is what I would say. Of course, it would be more than great to have more in quality and affordability, but I do not trust talk anymore.. What is said is not what is happening.

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Johna
Johna 20 May 2016

in my humble opinion being fair like THE most important! I myself have had bad experience with unfair landlords... not to mention that I know how to do a proper end of tenancy cleaning since I am a fantastic...

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richardrawlings
richardrawlings 18 May 2016

NB - even if we doubled our commission levels in the UK, we'd still be by far the cheapest agents in the entire world.

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Agent_PeeBee
Agent_PeeBee 18 May 2016

Clueless. Someone needs to take these people's computers away from them so they can do no more harm than they already have.

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richardrawlings
richardrawlings 18 May 2016

Nonsense! The cost of selling a house nowadays has little bearing on the fees charged. Don't believe your own spin on this. Fees have spiralled down to pathetic levels in areas where weak agents have allowed...

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It's enough to make me weep into my Pimm's :(

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