>Virgin Money has made cuts to selected fixed rate and tracker products within its buy-to-let mortgage range.
Key changes within the updated buy-to-let range include:
2 year fixed rates
- 3.25% up to 60% LTV (£1,995 product fee) – a reduction of 0.10bps
- 3.35% up to 70% LTV (£1,995 product fee) – a reduction of 0.09bps
- 3.39% up to 60% LTV (£995 product fee) – a reduction of 0.16bps
- 3.79% up to 70% LTV (£995 product fee) – a reduction of 0.16bps
3 year fixed rates
- 4.09% up to 60% LTV (£995 product fee) – a reduction of 0.50bps
- 4.45% up to 70% LTV (£995 product fee) – a reduction of 0.40bps
5 year fixed rates
- 3.95% up to 60% LTV (£1,995 product fee) – a reduction of 0.14bps
- 4.09% up to 70% LTV (£1,995 product fee) – a reduction of 0.10bps
- 4.39% up to 60% LTV (£995 product fee) – a reduction of 0.10bps
- 4.54% up to 70% LTV (£995 product fee) – a reduction of 0.21bps
2 year trackers
- 3.09% up to 60% LTV (£995 product fee) – a reduction of 0.15bps
- 3.39% up to 70% LTV (£995 product fee) – a reduction of 0.10bps
Peter Rogerson, Virgin Money’s savings and mortgages director, said: “Buy-to-let remains a key segment of the mortgage market for Virgin Money, and we’re delighted to announce these rate reductions while retaining our offer of £500 cashback across the entire buy-to-let range.”
