Virgin Money unveils new BTL exclusives and cuts PT rates

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Virgin Money has launched new buy-to-let exclusives.

It has also reduced the rates on select products.

The details are as follows:

Exclusives:

  • New 60% LTV buy-to-let five-year fixed rate with £2,195 fee has been launched at 4.67%.
  • New 60% LTV buy-to-let portfolio five-year fixed rate with £2,195 fee has been launched at 4.87%.
  • 75% LTV buy-to-let five-year fixed rate with £2,195 fee has been reduced by 0.05% to 4.72%.
  • 75% LTV buy-to-let portfolio five-year fixed rate with £2,195 fee has been reduced by 0.05% to 4.92%.
  • New 75% LTV £500k+ Fix and Switch Residential Remortgage rate with £1,495 fee has been launched at 5.24%.

Product Transfer:

  • Buy-to-let fixed rates have been reduced by 0.10%, starting from 4.51%.

The bank has also reduced the maximum loan size to £500k on its Fix and Switch Residential Remortgage 75% LTV with £1,495 fee at 5.14%.