Virgin launches new BTL range
Virgin Money has made a number of changes to its mortgage range, including improvements to its intermediary exclusive buy-to-let range with rates starting from 1.84%.
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It has also increased the cashback on all intermediary Buy-to-let exclusives from £500 to £750 for a limited period only, and reduced selected higher LTV residential fixed rates. The new product range is available from Friday 30 October 2015.
The new buy-to-let fixed rates available exclusively through intermediaries are a two-year fixed rate at 60% LTV launched at 1.84% (with £2,495 product fee and £750 cashback) and a five-year fixed rate at 60% LTV launched at 2.99% (£2,495 product fee, £750 cashback).
Changes to the intermediary exclusive BTL range include reductions of up to 0.14% on two-year fixed rates, and reductions of up to 0.04% on five-year fixes.
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said:
“We are delighted to continue to support the mortgage market through the introduction of our competitive new range, across both the residential and Buy-to-let sectors. We have increased the cashback we offer across our intermediary exclusive Buy-to-let range for a limited period, and we are continuing to support landlords with this latest round of improvements to our products, which are available through all of our intermediary partners.”
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