New 5-yr BTL mortgage | Product News - Moneyfacts

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New 5-yr BTL mortgage

New 5-yr BTL mortgage

Category: Buy To Let
Date: 27/05/2015

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 It is now over 6 months old so the content may be out of date.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 expanded its range of fixed buy-to-let mortgages with a new five-year deal, which has been awarded an 'excellent' rating for its competitive terms.

The basics…

This mortgage has a rate of 3.59% fixed until 31.7.20 at a loan-to-value (LTV) of 60%. A fee of £995 is payable.

The finer details…

This deal is available to second-time buyers and remortgagors with a 40% deposit. All borrowers can benefit from an incentive package of free valuation while those looking to remortgage their rental property can also receive free legal fees.

Overpayments of up to 10% of the outstanding balance are permitted, granting some welcome repayment flexibility.

Why we like it…

This deal is an attractive offer for landlords on the hunt for a competitive fixed mortgage. The generous incentive package is an extra sweetener, particularly for those looking to remortgage, while the option to make overpayments adds some appealing flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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