Today has started with Virgin Money announcing rate cuts throughout its core residential and buy-to-let mortgage range.
In addition, the lender has also raised cashback on buy-to-let intermediary exclusives, from £500 to £750, but only for a limited period. However, cashback totalling £1,500 remains available on all buy-to-let Stamp Duty Buster products.
New range
Intermediary exclusive products are able to be taken out through all intermediaries registered with Virgin Money.
Some key changes to the buy-to-let product range include:
- Three-year fixed rate at 75% LTV, available at 3.74%-£995 product fee, £500 cashback
- Five-year fixed rate at 75% LTV, available at 3.69%-£1,995 product fee. £500 cashback
- Five-year fixed rate at 75% LTV, available at 3.79%-£995 product fee, £500 cashback
Virgin Money updates buy-to-let mortgage range
Enhancements
Peter Rogerson, Commercial Director for Mortgages at Virgin Money, noted, ‘these latest enhancements to our mortgage range demonstrate our continuing support to both residential borrowers and landlords. We have recently been named as best buy-to-let provider in the Moneyfacts Business Awards and to celebrate this success we are reintroducing £750 cashback on buy-to-let intermediary exclusives for a limited period only.’[1]
[1] http://www.propertyreporter.co.uk/finance/btl-rates-upd4ted-at-virgin.html