Virgin Money has reductions to rates on selected products across its buy-to-let and core residential mortgage ranges.
It is also continuing to waive its £99 buy-to-let application fee for a limited period.
Key changes to the core buy-to-let product range:
- Two-year fixed rate at 75% LTV at 2.38% (£1,995 product fee, £500 cashback)
- Five-year fixed rate at 60% LTV at 3.19% (£995 product fee, £500 cashback)
Key changes to the intermediary exclusive buy-to-let product range:
- Two-year fixed rate at 50% LTV at 1.95% (remortgage only, £1,995 product fee, £500 cashback)
- Two-year fixed rate at 60% LTV at 2.19% (£995 product fee, £500 cashback)
- Five-year fixed rate at 50% LTV at 2.89% (remortgage only, £1,995 product fee, £500 cashback)
- Five year fixed-rate at 60% LTV at 2.99% (£1,995 product fee, £500 cashback)
Key changes to the core residential product range:
- Five-year fixed rate at 65% LTV at 2.24% (£995 product fee)
- Five-year fixed rate at 65% LTV at 2.54% (No product fee)
Intermediary exclusive products are available through all intermediaries registered with Virgin Money.
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We’re delighted to introduce the latest update to our mortgage range to continue supporting both residential borrowers and landlords.
“The market has been in good shape so far in 2016 and we remain committed to supporting customers and mortgage brokers with a strong product set and service proposition.”
