Virgin cuts buy-to-let rates and launches new exclusives

Virgin Money has launched new buy-to-let purchase and remortgage exclusives, alongside rate reductions across its buy-to-let and residential product ranges.

New buy-to-let exclusives at 65% LTV start from 4.65% for a five-year fixed rate and 4.90% for a two-year fix, both with a £995 fee, £300 cashback and free valuation.

Across its existing buy-to-let range, rates have reduced by up to 0.15%. A 60% LTV two-year fixed rate has reduced to 4.82% and a five-year fix to 4.60%, both with a £995 fee.

In addition, new fee-saver products at 75% LTV are launching from 4.88% and selected portfolio landlord products at 60% LTV have reduced by up to 0.15%.

In Virgin's residential range, selected fixed rates have been cut by up to 0.10%, with a 95% LTV five-year fixed rate fee-saver product now starting at 5.02%.

Selected product transfer transfer rates will reduce by up to 0.41%.

As part of the changes, selected 85% LTV residential fixed rates will be increased by up to 0.05% and end dates will move to August of the relevant year.