Virgin makes rate cuts on BTL range

It is also continuing to waive its £99 buy-to-let application fee for a limited period. All products are available from Friday 18 March.

Its core buy-to-let product range now features a two-year fixed rate at 75% LTV at 2.38% (£1,995 product fee, £500 cashback), and a five-year fixed rate at 60% LTV at 3.19% (£995 product fee, £500 cashback).

The intermediary-only BTL range features the following products:

•    Two-year fixed rate at 50% LTV at 1.95% (remortgage only, £1,995 product fee, £500 cashback)
•    Two-year fixed rate at 60% LTV at 2.19% (£995 product fee, £500 cashback)
•    Five-year fixed rate at 50% LTV at 2.89% (remortgage only, £1,995 product fee, £500 cashback)
•    Five year fixed-rate at 60% LTV at 2.99% (£1,995 product fee, £500 cashback)

Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said:

“We’re delighted to introduce the latest update to our mortgage range to continue supporting both residential borrowers and landlords. The market has been in good shape so far in 2016 and we remain committed to supporting customers and mortgage brokers with a strong product set and service proposition.”