Virgin Money withdraws buy-to-let new business range

Virgin Money has withdrawn its buy-to-let new business products with immediate effect, while keeping product transfer rates unchanged for existing borrowers.

Published on

Virgin Money has pulled all buy-to-let new business deals as of Tuesday 28 April, removing its full range of fixed rate options across multiple fee structures.

The lender confirmed that fixed rates with a 3% fee, £2,195 fee, 1% fee and £995 fee have all been withdrawn. Fixed rate fee-saver products have also been removed from the new business range.

The move comes amid continued volatility in swap rates and wider mortgage pricing, with lenders across the market frequently repricing or temporarily withdrawing products in response to changing funding costs.

PRODUCT TRANSFERS REMAIN IN PLACE

Virgin Money confirmed that its buy-to-let product transfer range remains unchanged for existing customers.

This includes fixed rates with a £3,995 fee starting from 4.56%, products with a £1,495 fee from 4.84%, and fee-saver options from 4.99%.

The lender said it will continue to offer a range of buy-to-let options for existing borrowers, with brokers encouraged to contact their business development manager for further details.

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

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...

LendInvest raises £300m through latest Mortimer securitisation

LendInvest has completed its eighth Mortimer residential mortgage-backed securitisation, securing £300 million of funding...

TMG adds Gable Mortgages to lender panel

TMG Mortgage Network has added Gable Mortgages to its lender panel, giving member firms...

Latest publication

Other news

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...