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Virgin Money announces new buy-to-let rates
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Virgin Money has moved to announce the launch of new mortgage products across both its residential and buy-to-let ranges.
As of today, the lender has confirmed that new residential rates will include a new two-year fix at 2.84% up to 90% LTV for initial buyers.
Changes
In addition, 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.
Fixed rates up to 65% LTV for five-year residential plans are available from 1.89%, with a £995 fee and £300 cashback for purchases. There are no valuation or legal fees for remortgage.
In terms of buy-to-let, new products include a two-year fixed rate deal at 60% LTV reduced to 1.59%, with a product fee of £1,995 and £500 cashback.
Virgin Money announces new buy-to-let rates
Peter Rogerson, Commercial Director for Mortgages at Virgin Money, noted: ‘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.’[1]
[1] http://www.propertyreporter.co.uk/finance/new-btl-rates-announced-at-virgin.html
