2-yr fixed BTL mortgage gets top rating | Product News - Moneyfacts

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2-yr fixed BTL mortgage gets top rating

2-yr fixed BTL mortgage gets top rating

Category: Buy To Let
Date: 22/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Virgin Money has reduced selected buy-to-let mortgages, pushing its two-year deal into the Moneyfacts charts and earning it the top accolade as a result.

The basics…

This two-year mortgage now has a rate of 2.69% fixed until 1.9.17, enabling it to stake a claim to a place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,094.

The finer details…

This deal is available to second-time buyers and remortgagors with a 40% deposit, all of whom can benefit from a generous incentive package of a £500 rebate. Provided certain conditions are met, it is also possible to make overpayments and take payment holidays, granting borrowers some welcome flexibility.

Why we like it…

The rate cut to this mortgage has sent it flying into the charts, something that is sure to attract the notice of landlords. As well as possessing a competitive rate, this deal also boasts flexible repayment options and an enticing incentive package, features that are bound to appeal to those on the hunt for a competitive all-round deal. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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