Buy To Let Date:
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.
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 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.
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
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