Buy-To-Let Mortgage Product Details

Virgin Money 

RATE

  • 1.69% Fixed to 01/01/2021
  • Reverting to a 4.74% Variable for the remaining term of the mortgage

MAXIMUM LOAN TO VALUE


    • N/A
    • 60%
    • 60%

PRODUCT FEES

Arrangement £1995

Remember that other fees such as valuation fees, legal fees and Stamp Duty may also be payable

EARLY REPAYMENT

  • To 1/1/21: 2% Outstanding Balance
  • Redemption Admin Fee £50.00

APPLICATION CRITERIA

  • Max Age 75 at end of mortgage
  • £25K

    • No
    • Yes
    • Yes
    • No
    • No
    • No

    • Also for First Time Landlord, Foreign National, Professional Landlord

INCENTIVES

£500 cashback. No Higher Lending Charge (HLC).

MORTGAGE DETAILS

  • N/A
  • Max 4 props Excluding Residential. Total Max Advance £2M.
  • Rental Income Min 145.00% of mtge interest. Calc at Managed Rate of 5.50%.. Rental Income OR Income Multiples apply.
  • Great Britain, Northern Ireland

FLEXIBLE FEATURES

  • Yes
  • No
  • Yes
  • No
  • No
YOUR BUY-TO-LET PROPERTY MAY BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON ANY MORTGAGE SECURED ON IT. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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