Virgin Money launches intermediary exclusive BTL rates

Virgin Money has cut rates across its residential and buy-to-let ranges, and launched new intermediary exclusives.

Related topics:  Mortgages
Rozi Jones
13th May 2016
virgin money

Three-year residential fixed rates are now available from 1.94% at 65% LTV, with a £995 product fee, while five-year residential fixes start from 2.24%.

Buy-to-let mortgage products have been cut to 1.89% at 60% LTV. Virgin's three-year at 75% LTV is available at 2.89% while its 70% LTV five-year fix has been cut to 3.19%.

Virgin has also launched two buy-to-let intermediary exclusives available from 50% LTV. For remortgage only, the two-year fixed rate is available from 1.87% and the five-year fix from 2.79%.

Peter Rogerson, Virgin Money’s Commercial Director for Mortgages, said:

“Virgin Money is committed to supporting all segments of the mortgage market and these selected rate reductions, to both residential and buy-to-let products, help to demonstrate that. The improved buy-to-let rates on the 3 and 5 year terms offer landlords more certainty of their mortgage repayment over a longer period.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.