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Virgin Money’s 5yr BTL now lowest rate deal

Virgin Money’s 5yr BTL now lowest rate deal

Category: Buy To Let
Author: Lieke Braadbaart
Date: 21/09/2018

Virgin Money has refreshed its buy-to-let (BTL) mortgage range, which sees its five-year fixed rate BTL deal now offer the lowest rate on the market, placing it at number one in the Best Buy chart for its sector and earning it a high rating.

The basics…

This mortgage now boasts a rate of 2.13%, fixed to 01.01.24, at 60% loan-to-value (LTV). It comes with a fee of £1,995.

The finer details…

The deal is offered to landlords looking to buy a new property or remortgage, provided they have the necessary deposit. It offers an incentive package that includes £500 cashback for second-time buyers and £300 or free legal fees for remortgages, with remortgagors also able to get a free valuation. It comes with the option to make overpayments and take payment holidays.

Why we like it…

Due to its competitively low rate and cashback incentive, this deal has proven itself more than worthy of the top spot in the Best Buys, as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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