Virgin launches sub-4% buy-to-let rates

Virgin Money has reduced rates across its core and exclusive buy-to-let ranges by up to 0.15%.

Available from tomorrow, exclusive buy-to-let rates have reduced by up to 10bps, with five-year fixed rates now starting from 3.90% at 60% and 75% LTV with a 3% fee. In addition, a 60% LTV five-year fix with a £2,195 fee has reduced to 4.31% and a two-year fix with a 1% fee is down to 4.69%.

A 75% LTV two-year fix with a 1% fee has also reduced by 10bps to 4.82%.

In Virgin's core buy-to-let range, selected rates with a £995 fee will be reduced by up to 0.15%, with rates starting from 4.45%. Selected fee-savers are also down by up to 0.07%, starting from 4.70%. 

Selected buy-to-let product transfer rates are decreasing by up to 0.15%, with rates starting from 4.17%. 

Last week, Virgin launched a sub-4% fixed rate residential product at 75% LTV. The five-year fixed rate at 3.99% is available up to 75% LTV with £300 cashback.