Virgin Money has announced changes to its buy-to-let product transfer range, effective Tuesday, 27 January.
The lender will launch new two-year fixed rates with a £1,495 fee, starting from 3.84%. New three-year fixed rates with a £1,495 fee will start from 3.89%, while new five-year fixed rates with the same fee will start from 4.04%.
Existing two-year fixed rates with a £3,995 fee will be reduced by up to 0.33%, starting from 3.54%. Two-year fixed rate fee-savers will be reduced by 0.27%, starting from 4.25%, while three-year fixed rate fee-savers will be reduced by 0.26%, starting from 4.19%.
The 60% LTV five-year fixed rate with a £3,995 fee will increase by 0.08% to 3.89%. However, the 75% LTV five-year fixed rate with a £3,995 fee will be reduced by 0.12% to 3.94%. Five-year fixed rate fee-savers will be reduced by 0.15%, starting from 4.14%.
Virgin Money will withdraw several products from its buy-to-let product transfer range. Two-year fixed rates with a £995 fee will be withdrawn, as will five-year fixed rates with the same fee. The lender will also withdraw two-year fixed rates with a £1,995 fee, three-year fixed rates with a £1,995 fee, and five-year fixed rates with a £1,995 fee.
