Virgin Money cuts BTL rates | Product News - Moneyfacts

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Virgin Money cuts BTL rates

Virgin Money cuts BTL rates

Category: Mortgages
Date: 22/08/2013

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 It is now over 6 months old so the content may be out of date.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 cut its two-year fixed mortgage rates for buy-to-let investors.

The basics…

Its two-year fixed rate mortgage for buy-to-let investors with at least a 40% deposit (60% loan-to-value) now charges a market-leading 3.38%, whilst its 70% loan-to-value two-year fixed rate mortgage now charges 3.65%.

Both products come with an arrangement fee of £1,995.

The finer details…

These products are available to first and second time buyers as well as those remortgaging.

As an added incentive, borrowers will be able to get £750 cashback.

Why we like it…

Both products are in the top 5 for their respective LTVs.

Borrowers will also benefit from the reasonable fee and the £750 cashback incentive.

Four out of five Moneyfacts Stars have been awarded.

What Next?

Compare 2 year buy to let mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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