Buy To Let Date:
Virgin Money has cut the rate of its two-year tracker buy-to-let mortgage by 0.30%, cementing its position in the Moneyfacts charts.
This deal now has a competitive variable rate of 2.79% until 1.9.17, allowing it to retain and secure its place in the charts. It is available at a loan-to-value (LTV) of 75% and has a fee of £1,094.
This mortgage is available to second-time buyers and remortgagors with a 25% deposit. All borrowers can profit from an incentive package of a £500 rebate, as well as the option to make overpayments and take payment holidays, provided certain conditions are met.
This deal's competitiveness has been secured thanks to this rate cut, as is evidenced by its continued place in the charts. The generous offer of a £500 rebate serves as an additional bonus that helps to offset the cost of the mortgage fee, while the repayment options on offer give landlords some welcome flexibility. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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