Buy To Let Date:
Virgin Money has reduced, among other rates, its two-year fixed buy-to-let (BTL) deal by a whole 0.30%. This sees the product move into the number two spot of the Best Buy chart for its sector, and comfortably earns it an excellent rating.
This mortgage now boasts a rate of 1.99%, fixed to 01.11.2018, at 60% loan-to-value (LTV). It comes with a fee of £995.
The deal is offered to landlords wishing to buy or remortgage a rental property, as long as they have the necessary deposit. It comes with the incentive of £500 cashback, and the option to make overpayments and request payment holidays, giving some welcome flexibility.
The rate cut strengthens this mortgage's high position in the charts and rating. Combined with the reasonable fee, flexibility and cashback incentive, it's certainly competitive enough to attract any landlord looking to buy or remortgage.
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 Any products featured may be withdrawn by their provider or changed at any time.
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