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