Buy to Let
Virgin Money launches 75% LTV buy-to-let range
Virgin Money has increased its maximum buy-to-let loan-to-value to 75% and introduced a range of fixed rate and tracker products starting from 3.35%.
Highlights from the fixed rate range include a two-year fix at 3.74% and a five-year fix at 4.55% both with a product fee of £1,995.
Virgin are offering two tracker products with differing fee structures.
At 3.35% borrowers will pay a 2.5% product fee and at 4.09% this changes to a flat fee of £995.
A cashback incentive of £750 is available across Virgin Money’s core range of buy-to-let products excluding intermediary exclusives.
Peter Rogerson, Virgin Money’s savings and mortgages director, said: “We are delighted to launch our new range of 75% loan to value buy-to-let products demonstrating the importance we place on this segment of the mortgage market.
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“We reviewed our proposition after listening to feedback from our intermediary partners and believe the increase to 75% loan to value will improve choice for those looking for a buy-to-let product in the market today.”