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Virgin Money’s BTL deal secures top spot

Virgin Money’s BTL deal secures top spot

Category: Buy To Let
Date: 04/01/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.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.

The basics…

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 finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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