Buy to Let
Virgin Money to cut buy-to-let rates by up to 0.50%
Virgin Money has reduced rates across its buy-to-let range of fixed and tracker products by up to 0.50%.
Its three-year fixed rate available for mortgages up to 60% loan-to-value (LTV) with a product fee of £995 sees the greatest cut, down to 4.09%.
Further highlights from the refreshed range include a five-year fixed rate cut by 0.21% to 4.54% for loans up to 70% LTV with a fee of £955.
The two-year tracker has been cut by 0.15% to 3.09% for loans up to 60% LTV with the same fee.
Peter Rogerson, savings and mortgages director, said:
“Buy-to-let remains a key segment of the mortgage market for Virgin Money and we’re delighted to announce these rate reductions while retaining our offer of £500 cashback across the entire buy-to-let range.”
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