‘Excellent’ 2-yr fixed BTL deal gets a rate cut | Product News - Moneyfacts

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‘Excellent’ 2-yr fixed BTL deal gets a rate cut

‘Excellent’ 2-yr fixed BTL deal gets a rate cut

Category: Buy To Let
Date: 15/01/2016

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 It is now over 6 months old so the content may be out of date.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 two-year fixed buy-to-let mortgage, earning it an 'excellent' rating as a result.

The basics…

This mortgage now has a competitive fixed rate of 2.54% and is available at a loan-to-value (LTV) of 75%. A fee of £2,094 is payable.

The finer details…

This deal is available to second-time buyers and landlords who are looking to remortgage their rental property. An enticing incentive package of a £500 rebate accompanies this deal, and borrowers also have the ability to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

Landlords who are looking for a competitive short-term deal for their rental property are likely to view this latest update with interest. The rate cut has enhanced its competitiveness, and when coupled with the incentive package – which helps offset the fee - this is an attractive deal for those with the right deposit.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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