Buy To Let 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.
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.
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.
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
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