Virgin Money reduces buy-to-let rates

Virgin Money has announced a selection of rate reductions across its main buy-to-let mortgage range in addition to its core residential and Help-to-Buy products.

New buy-to-let rates at 75% loan-to-value (LTV) start at 2.19% and a five-year fix from 3.19%, both with a £1,995 product fee and £500 cash-back.

Two-year fixed rate residential rates are now available from 1.44% up to 65% LTV, with a £995 product fee, 3.79% for a two-year Help-to-Buy guarantee fix.

Peter Rogerson, commercial director at Virgin Money, commented: “We are delighted to be making a number of improvements across our residential, Help-to-Buy and buy-to-let product ranges.

“After reporting a strong performance for the first six months of 2016, we remain focused on supporting our intermediary partners – and we believe this new range will be very popular with their customers.”

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