BTL rates reduced at Virgin

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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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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