Virgin Money launches new BTL mortgage products

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Virgin Money has launched a range of new mortgage products, including some attractive deals aimed at buy-to-let landlords.

A new five-year fixed rate buy-to-let deal at 70% loan-to-value (LTV) is now available for 2.94%, while a five-year fixed rate at 75% LTV now starts from 2.99%. Both products come with a £995 arrangement fee.

For those of you interested in Virgin’s new residential products, they are as follows:

Two-year fixed rate at 65% LTV reduced to 1.28% (£995 product fee)

Two-year fixed rate at 80% LTV reduced to 1.44% (£995 product fee)

Two-year fixed rate at 85% LTV reduced to 1.52% (£995 product fee)

Five-year fixed rate at 65% LTV reduced to 1.82% (£995 product fee)

A new intermediary exclusive two-year residential fixed rate product for remortgage customers has also been launched at 50% LTV at 1.19%, subject to a £1,995 product fee, with a minimum loan size £300,000.

Peter Rogerson, Virgin Money’s director of mortgages, commented: “We have made further improvements across our mortgage range, as we continue to offer attractive options for purchase and remortgage customers looking for residential and buy-to-let loans.”

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Written by: Houseladder