Virgin Money has brought out a range of buy-to-let (BTL) fixed rate product transfer tracker deals, increased rates and extended its Green Reward deadline.
Virgin Money is adding BTL fixed rate product transfer tracker deals with a £3,995 fee at 60% and 75% loan to value (LTV) on two- and five-year terms.
Its two-year fixed rate at 60% LTV is 4.84%, and at 75% LTV it is 5.14%, while its five-year fixed rate is 4.61% at 60% LTV and 4.81% at 75% LTV.
The firm is also bringing out BTL product transfer tracker deals with a £1,995 fee at 60% and 75% LTV with a £1,995 fee, priced at 5.79% and 6.21% respectively.
Virgin Money added that selected product transfer fixed rates will be increased by up to 0.1%, starting from 4.38%.
The lender’s 90% LTV purchase Fix and Switch fee-saver will be increased by 0.05% to 5.52%, with its professional version rising by 0.02% to 4.82%.
Selected remortgage fixed rates will go up by 0.1%, beginning from 4.79%, while its five-year greener new-build fixed rates will be increased by 0.05%, starting from 4.44%.
The lender’s Own New rate reducer 3% incentive two-year fixed rates will be increased by up to 0.1%, and will be priced from 2.57%.
The 5% incentive fee will be increased by £500 to £995.
The lender has also extended its Green Reward deadline, which rewards existing customers with £250 cashback for making green home improvements. The registration deadline is 31 December 2024, and the claim deadline is 30 June 2025.
Earlier this month, Virgin Money added BTL portfolio exclusives and adjusted rates.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
