‘Outstanding’ tracker BTL deal from Virgin Money | Product News - Moneyfacts

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‘Outstanding’ tracker BTL deal from Virgin Money

‘Outstanding’ tracker BTL deal from Virgin Money

Category: Buy To Let
Date: 16/06/2015

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 It is now over 6 months old so the content may be out of date.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 cut the rate of its two-year tracker buy-to-let mortgage by 0.30%, cementing its position in the Moneyfacts charts.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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