You are here: Home - News -

Virgin Money enhances residential and buy-to-let ranges

by:
  • 30/10/2015
  • 0
Virgin Money enhances residential and buy-to-let ranges
Virgin Money has improved its buy-to-let and residential range exclusive to intermediaries by cutting rates, adding products and for a limited period it will increase its cashback incentives for landlords.

The changes will see buy-to-let rates start from 1.84% and cashback rise from £500 to £750.

Highlights from the residential rate cuts include; two-year fixed rates at 90% loan-to-value (LTV) reduced by up to 0.25%, starting from 2.63% and five-year fixed rates at 90% LTV reduced by up to 0.21% now starting from 3.45%.

Additions to its buy-to-let range include a two-year fixed rate at 60% LTV launched at 1.84% with a £2,495 product fee and £750 cashback.

Peter Rogerson, Virgin Money’s commercial director for Mortgages, said: “We are delighted to continue to support the mortgage market through the introduction of our competitive new range, across both the residential and buy-to-let sectors. We have increased the cashback we offer across our intermediary exclusive buy-to-let range for a limited period, and we are continuing to support landlords with this latest round of improvements to our products which are available through all of our intermediary partners.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
rbs logo
RBS reports 42% year-on-year rise in Q3 mortgage lending

Royal Bank of Scotland (RBS) gross mortgage lending in quarter three rose by 42% year-on-year from £5.2bn to £7.4bn, results...

Close