Buy To Let Date:
Virgin Money has reduced the rate on its leading five-year fixed rate buy-to-let (BTL) mortgage deal, which has strengthened its number one position in the Best Buy chart for its sector and earned it a high rating in the process.
This mortgage now boasts an even better rate of 2.37%, fixed to 01.07.22, at 60% loan-to-value (LTV). It comes with a fee of £1,995.
The deal is offered to landlords looking to buy a new property or remortgage, provided they have the necessary deposit. It offers an incentive package that includes £500 cashback, which could help to offset the fee, and comes with the option to make overpayments and take payment holidays.
Due to its highly competitive rate and cashback incentive, this deal has proven itself more than worthy of the top spot in the Best Buys, as well as a high rating.
Moneyfacts rating: Excellent
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