Buy To Let Date:
Virgin Money has reduced the rate of its two-year fixed buy-to-let (BTL) mortgage deal by 0.26%, seeing it soar straight to the top of the charts and earning it an Excellent rating in the process.
This mortgage is now priced at 1.59% to 01.04.19 and is available at a loan-to-value (LTV) of 60%, making it the joint market-leader for its terms. It comes with a fee of £1,995.
The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It offers an incentive of £500 casback – which could help to offset the fee somewhat – and it also allows borrowers to make overpayments and take payment holidays, provided certain conditions are met.
The new market-leading rate to this deal already makes it an appealing choice to landlords, but the incentives and added flexibility make it even more competitive and well-deserving of its Best Buy status.
Moneyfacts rating: Excellent
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