Virgin Money unveils intermediary-only buy-to-let with cashback

Published on

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%

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

AI-driven direct lending could erode mainstream mortgage advisers’ market share

Mortgage lenders could use artificial intelligence to attract more customers directly, putting pressure on...

Stamp duty exemption for downsizers could revive housing transactions

Removing stamp duty for older homeowners and people moving to smaller properties could help...

Interest rate expectations too pessimistic as inflation pressures ease

Financial markets may be overestimating the outlook for UK interest rates, with inflation potentially...

Landlords face changing buy-to-let market as lenders predict continued demand

Specialist lenders expect the buy-to-let sector to remain resilient despite regulatory changes, although attracting...

Swansea BS introduces digital mortgage application service for brokers

Swansea Building Society has introduced an online mortgage application portal for its 830 intermediary...

Latest publication

Other news

AI-driven direct lending could erode mainstream mortgage advisers’ market share

Mortgage lenders could use artificial intelligence to attract more customers directly, putting pressure on...

Stamp duty exemption for downsizers could revive housing transactions

Removing stamp duty for older homeowners and people moving to smaller properties could help...

Interest rate expectations too pessimistic as inflation pressures ease

Financial markets may be overestimating the outlook for UK interest rates, with inflation potentially...