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Virgin Money’s BTL deal goes top

Virgin Money’s BTL deal goes top

Category: Buy To Let
Date: 20/03/2017

Virgin Money has reduced the rate of its two-year fixed mortgage deal for landlords by 0.05%, which sees it soar straight to the top of the buy-to-let (BTL) charts and earns an Outstanding rating in the process.

The basics…

This mortgage is now priced at 1.54%, fixed to 01.07.19 and available at a loan-to-value (LTV) of 60%. This is by far the lowest rate available for its terms, which helps offset the fee of £1,995.

The finer details…

The deal is offered to second-time buyers and landlords wishing to remortgage their rental property, provided they have the necessary deposit. It comes with an incentive of £500 cashback to further reduce the upfront fee, and it also allows borrowers to make overpayments and take payment holidays, offering some welcome flexibility.

Why we like it…

The market-leading rate already makes this deal a highly competitive choice to landlords, but the added incentives and extra flexibility make it truly outstanding and well-deserving of its Best Buy status.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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