BTL mortgage tops the charts | Product News - Moneyfacts

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BTL mortgage tops the charts

BTL mortgage tops the charts

Category: Buy To Let
Date: 22/04/2016

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 It is now over 6 months old so the content may be out of date.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 trimmed the rate on its two-year fixed buy-to-let (BTL) mortgage by 0.16%, catapulting it right to the top of the charts and earning it the highest accolade in the process.

The basics…

This mortgage now has a rate of 1.98% fixed until 1.8.18, the joint lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 60% and has a fee of £1,995.

The finer details…

Second-time buyers and landlords who are looking to remortgage their rental property are welcome to apply. All borrowers can benefit from a generous rebate of £750 upon completion as well as take advantage of the option to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

Landlords looking for a highly competitive two-year fixed mortgage need look no further than this attractive offering from Virgin Money. The low rate and generous rebate will help to keep costs down, while the repayment options give borrowers some welcome control over their mortgage balance. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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