Virgin Money is launching intermediary exclusive buy-to-let mortgages for the first time.
The deals include £1,000 cashback, with options also available to portfolio customers. These had previously only been available to residential customers.
The lender has also reduced rates across both its longer term residential and buy-to-let mortgage range.
Changes include the following:
New Business:
Core Residential
- Reduced 10 Year 65% LTV fixed rate £995 fee by 0.30bps to 1.95%
- Reduced 10 Year 65% LTV fixed rate fee-saver by 0.50bps to 2.34%
Buy-to-let purchase exclusive with £1,000 cashback
- Launch 2 Year 75% LTV fixed rate £1,995 fee at 1.91%
- Launch 5 Year 75% LTV fixed rate £1,995 fee at 2.13%
Buy-to-let portfolio purchase exclusive with £1,000 cashback
- Launch 2 Year 75% LTV fixed rate £1,995 fee at 2.01%
- Launch 5 Year 75% LTV fixed rate £1,995 fee at 2.23%
Buy-to-let
- Reduced 10 Year 60% LTV fixed rate £995 fee by 0.26bps to 2.43%
- Reduced 10 Year 75% LTV fixed rate £995 fee by 1.06bps to 2.68%
Buy-to-let Portfolio
- Reduced 10 Year 60% LTV fixed rate £995 fee by 0.26bps to 2.53%
- Reduced 10 Year 75% LTV fixed rate £995 fee by 1.06bps to 2.78%
Product Transfer
Core Residential
- Reduced 10 Year 65% LTV fixed rate fee-saver by 0.15bps to 2.34%
Buy-to-let
- Reduced 10 Year 60% LTV fixed rate £995 fee by 0.16bps to 2.43%
- Reduced 10 Year 75% LTV fixed rate £995 fee by 0.66bps to 2.68%
