BTL tracker mortgage gets a 0.10% reduction | Product News - Moneyfacts

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BTL tracker mortgage gets a 0.10% reduction

BTL tracker mortgage gets a 0.10% reduction

Category: Mortgages
Date: 05/06/2015

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 It is now over 6 months old so the content may be out of date.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 tracker buy-to-let mortgage by 0.10%, boosting its competitiveness and securing an 'excellent' rating.

The basics…

This deal now has a variable tracker rate of 2.49% until 1.9.17, cementing its place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,094.

The finer details…

This mortgage is for second-time buyers and those looking to remortgage their rental property. All borrowers can benefit from a generous incentive package of a £500 rebate upon completion.

Both overpayments and payment holidays are permitted with this mortgage, provided certain conditions are met, giving borrowers some added repayment flexibility.

Why we like it…

Landlords on the hunt for a competitive tracker mortgage are likely to be interested by this latest rate decrease. Not only does this deal now boast an even more competitive rate, but it also possesses a generous incentive package and considerable repayment flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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