Finance News

Virgin Money announces new buy-to-let rates

Em Morley - January 3, 2017

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

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