Virgin Money launches 75% LTV buy-to-let range

14/03/2014

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.

“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.”

By Your Mortgage

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