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BTL mortgage retains chart position

BTL mortgage retains chart position

Category: Buy To Let
Date: 22/07/2016

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 It is now over 6 months old so the content may be out of date.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 increased rates on its range of buy-to-let tracker mortgage products by up to 0.28%, but despite this, its 60% loan-to-value (LTV) deal comfortably retains its chart place thanks to its ongoing competitiveness.

The basics…

This mortgage is now priced at 2.05% variable to 1.11.18 and comes with a fee of £995.

The finer details…

The deal is offered to second-time buyers and landlords who wish to remortgage their rental properties. It offers a generous £500 rebate as an incentive, and also boasts flexibility in the form of overpayments and payment holidays, provided certain conditions are met.

Why we like it…

This buy-to-let mortgage may have had its rate increased slightly, but it in no way detracts from its competitiveness. After all, it's still an appealing rate, and together with the reasonable fee, cash rebate and added flexibility, it offers landlords an eye-catching deal that ensures it keeps its place in the charts.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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