The lender has launched three fixed rate options for brokers at 70% loan-to-value (LTV) and cut rates for brokers on a further three fixed rate buy-to-let products by up to 0.10%.
Virgin’s new intermediary exclusive range is available immediately. Highlights include a two-year fixed rate at 2.54% with an LTV of 70% and a £1,995 product fee and £500 cashback. Its five-year fix, also at 70% LTV comes at a rate of 3.60% with the same product fees and cashback as its two-year product.
Residential rates on selected higher LTV residential fixed rates have also been cut for direct and intermediary business by up to 0.18%.
Peter Rogerson, Virgin Money’s commercial director for mortgages said: “A good supply of housing in the private rented sector is an important part of the market, and we are delighted to support landlords with these latest improvements to our buy-to-let products, which are available through all of our intermediary partners.”
Earlier this week, Virgin Money’s quarter three trading statement revealed that gross mortgage lending at the bank surged by 38% in the first nine months of the year to total £5.5bn.
