New 2-yr fixed BTL deal gets top marks | Product News - Moneyfacts

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New 2-yr fixed BTL deal gets top marks

New 2-yr fixed BTL deal gets top marks

Category: Buy To Let
Date: 02/12/2015

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 It is now over 6 months old so the content may be out of date.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 unveiled a new, highly competitive two-year fixed rate buy-to-let mortgage, earning it the top accolade as a result.

The basics…

This mortgage has a highly competitive rate of 1.99% fixed until 1.2.18, the lowest rate currently offered in its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £2,094.

The finer details…

This deal is available to second-time buyers and landlords who are looking to remortgage their rental property. It comes with an attractive incentive package of a £750 rebate upon completion and also allows borrowers to make overpayments and take payment holidays, provided certain conditions are met.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian Credit Expert to investigate your credit report.

Why we like it…

Landlords are likely to pay close attention to this deal thanks to its low rate and enticing extras, which give it a level of flexibility that will appeal to those who want more control over their payments and costs. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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