Virgin Money has made changes to its buy-to-let mortgage range, introducing new intermediary exclusives and reduced selected core rates.
Key changes to the intermediary exclusive buy-to-let product range:
- New two-year fixed rate at 50% LTV at 2.02% (remortgage only, £1,995 product fee, £500 cashback)
- New five-year fixed rate at 50% LTV at 3.09% (remortgage only, £1,995 product fee, £500 cashback)
- New two-year fixed rate at 60% LTV at 2.39% (£995 product fee, £500 cashback)
Key changes to the core buy-to-let product range:
- Two-year fixed rate at 75% LTV reduced to 2.54% (£1,995 product fee, £500 cashback)
- Two-year tracker at 60% LTV reduced to 2.09% (£995 product fee, £500 cashback)
The intermediary exclusive products will be available through intermediaries registered with Virgin Money.
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We continue to play our part in a healthy and vibrant mortgage market. We have begun 2016 with improvements across our mortgage range and these new buy-to-let products offer landlords competitive rates, particularly for those with low LTVs.”