Buy To Let 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.
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.
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.
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
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