Buy To Let 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.
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.
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.
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
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