Virgin Money revamps buy-to-let rate

Virgin Money revamps buy-to-let rate

Category: Buy To Let
Date: 19/10/2012

Virgin Money has reduced selected rates across its buy-to-let range, including its already competitive two-year fixed deal.

The basics…

This deal offers a market-leading rate of 3.49% to 1.1.15 to investors with deposits of 40% or more.

The finer details….

An arrangement fee of £1,995 is payable either upfront or can be added to the advance. A £750 rebate is offered to all borrowers and there is also the opportunity to make overpayments of up to 10% of the outstanding balance.

Why we like it…

This deal offers an attractive overall mortgage package to buy-to-let investors and has been awarded four out of five Moneyfacts stars.

What next?

Compare all buy to let mortgages

Compare 2 year fixed rate buy to let mortgages

Speak to a specialist buy to let mortgage advisor

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

BTL deals for first-time landlords on the rise

There was once a time when the buy-to-let market was fairly limited for wannabe landlords, with more deals going to those who already had a presence in the sector. Well, the tide is turning, with the number of first-time BTL deals soaring.

Tenants hit with rent hikes

Have you ever had your rent increased at the end of your tenancy agreement? According to research, many people have seen their rents rise substantially if they embark on a new contract, and the fees involved can be another blow to renters’ wallets.

Booming buy-to-let returns hit £112 billion

If you’ve ever considered becoming a landlord, then now may be the time to take the plunge.