Finance

New BTL rates announced at Virgin

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3rd January 2017

Virgin Money has announced this morning that it has launched new mortgage products across its residential and buy-to-let ranges.

The lender confirmed that as of today new residential rates will include a new two-year fix at 2.84% up to 90% LTV for first time buyers with no product fee and £1,000 cashback.

Virgin's two-year flexible tracker is now at 1.69% up to 65% LTV with a £995 fee, free valuation and legal fees for remortgages.

Five-year residential fixed rates up to 65% LTV are now available from 1.89% and come with a £995 fee, £300 cashback for purchases, free valuation and legal fees for remortgage.

Help to Buy Equity five-year fixed rates start at 2.59% up to 75% LTV.

New buy-to-let products include a two-year fixed rate at 60% LTV reduced to 1.59% with a £1,995 product fee and £500 cashback.
 
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages, said: “To kick off the year we have launched a new range of red hot mortgage products that offer competitive rates to help homebuyers get onto the property ladder, support those looking to move home and a great deal for landlords.”

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