Variable BTL mortgage stays in charts | Product News - Moneyfacts

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Variable BTL mortgage stays in charts

Variable BTL mortgage stays in charts

Category: Buy To Let
Date: 23/04/2015

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 It is now over 6 months old so the content may be out of date.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 increased selected rates in its buy-to-let range, but despite this, its two-year variable rate tracker mortgage has maintained its competitive edge and retained a place in the Moneyfacts charts.

The basics…

This deal now has a variable rate of 2.59% until 1.7.17, which enables it to keep its place in the charts. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,094.

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 a £500 rebate upon completion, as well as the ability to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

This mortgage may have had a slight rate increase, but this deal is still a strong competitor in the market. Landlords on the lookout for an attractive tracker deal are likely to notice this mortgage thanks to its competitive rate and the bonus of a £500 rebate upon completion.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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