Virgin cuts buy to let mortgage rates.
Virgin Money has announced that it's cut rates on various buy to let mortgage deals through the broker channel. Deals are now cheaper at many different deposit levels.
New purchase range highlights include:
- A 2 year fix for 60% LTV at 2.29% with a £995 product fee
- A 5 year fix for 60% LTV at 2.99% with a £1,995 product fee
Virgin has also released various new deals for existing landlords.
Remortgage range highlights include:
- A 2 year fix for 50% LTV at 1.95% with a £1,995 product fee
- A 5 year fix for 50% LTV at 2.89% with a £1,995 product fee
In addition, rates have also been lowered on the lender’s lower deposit core ranges.
Highlights include:
- A 2 year fix for 75% LTV at 2.38% with a £1,995 product fee
- A 5 year fix for 75% LTV at 3.19% with a £995 product fee
Virgin advises cashback of £500 is available on all of the products listed, the lender also advises that for a limited period its waiving its £99 application fee.
If you would like a comparison of the products on offer against deals in the wider market, call us at Deal Direct on 0800 048 8828.
We have vast experience sourcing mortgage products for landlords, and can find you a deal at a highly competitive rate.
Our highly qualified advisers can offer you mortgage advice, however as we’re not regulated by the FCA to offer general financial advice they cannot advise you as to the suitability of property as an investment. For financial advice speak to an IFA.
- Please note that not all buy to let mortgages are regulated by the FCA.
For buy to let mortgage advice call 0800 048 8828.
