5-yr fixed BTL deal gets a rate cut | Product News - Moneyfacts

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5-yr fixed BTL deal gets a rate cut

5-yr fixed BTL deal gets a rate cut

Category: Buy To Let
Date: 18/03/2016

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 It is now over 6 months old so the content may be out of date.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 the rate on its five-year fixed rate buy-to-let mortgage by 0.10%, boosting its competitiveness and earning it a coveted 'outstanding' rating as a result.

The basics…

This mortgage now has a competitive rate of 3.19% fixed for five years. It is available at a loan-to-value (LTV) of 60% and has a fee of £995.

The finer details…

This deal is available for second-time buyers and landlords who are looking to remortgage their rental property. All applicants can benefit from a £500 rebate upon completion.

This deal also profits from some repayment flexibility: both overpayments and payment holidays are permitted, provided certain conditions are met.

Why we like it…

By reducing the rate on this mortgage Virgin Money has enhanced its attractiveness, something that is sure to be noticed by landlords. The fact that it also offers a generous rebate and has some repayment flexibility boosts its appeal yet further, ensuring it 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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