BTL mortgage from Virgin stays near the top | Product News - Moneyfacts

Product News

BTL mortgage from Virgin stays near the top

BTL mortgage from Virgin stays near the top

Category: Mortgages
Date: 21/10/2014

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 It is now over 6 months old so the content may be out of date.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 on its two-year variable tracker mortgage by 0.10%, bolstering its place among the top 10 for its sector.

The basics…

This tracker mortgage now has a competitive variable rate of 2.09% at a loan-to-value (LTV) of 60%. A £1,094 fee is payable.

The finer details…

This mortgage is available to first-time buyers, second-time buyers and landlords looking to remortgage. All borrowers can benefit from an enticing incentive package that consists of a £500 rebate.

Borrowers can have a great deal of flexibility over their repayments with the ability to make overpayments of up to 10% of the outstanding balance per year as well as the option to take payment holidays.

Why we like it…

This mortgage was already well-placed on the Moneyfacts charts but this latest rate cut has shored up its position among its rivals. Landlords with the right deposit are likely to be attracted by this rate, and the £500 rebate adds extra appeal.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close