Virgin Money Reduces Buy-to-Let Mortgage Rates

Virgin Money has announced a shake-up of its buy-to-let mortgage rates, with some tempting offers on the table.

From Wednesday 9th October, you could benefit from a range of new fixed-rate deals and reductions on existing products.

Virgin Money is pulling out all the stops for its “Exclusive Buy-to-Let” range, with brand new fixed-rate mortgages on offer:

Need a 60% LTV 2-year fix? Bag a rate of 4.19% with a £2,195 fee.
Looking for a 75% LTV 2-year fix? Snap up a rate of 4.39% with a £2,195 fee.

Several existing exclusive products are also getting a rate cut:

60% LTV 2-Year Fix (3% fee): Down by 0.25% to a tempting 3.57%.
75% LTV 2-Year Fix (3% fee): Reduced by 0.24% to a competitive 3.72%.
75% LTV 5-Year Fix (3% fee): Trimmed by 0.05% to 3.78%.
60% LTV 2-Year Fix (1% fee): Slashed by 0.21% to 4.34%.
75% LTV 2-Year Fix (1% fee): Reduced by 0.06% to 4.54%.

Switching to Virgin?

There are even juicier deals if you’re thinking of switching your mortgage to Virgin Money. “Fix and Switch” rates, which come with a £495 fee, have been reduced by up to 0.15%, with rates now starting from just 4.64%.

For those who prefer to avoid upfront costs, there’s the “Fix and Switch fee-saver” option. Rates on this product have been lowered by up to 0.04%, with starting rates from 4.90%.

Remortgaging Just Got Easier

Existing Virgin Money customers haven’t been forgotten in this rate shake-up! If you’re looking to remortgage, you could be eligible for some significant savings:

75% LTV Fix and Switch fee-saver: Rate reduced by 0.10% to 4.65%.
85% LTV Fix and Switch fee-saver: Rate cut by 0.10% to 5.24%.

First-Time Landlord?

Virgin Money is also offering a helping hand to new landlords with a competitive rate on its 90% LTV Fix and Switch fee-saver, now down by 0.10% to 5.24%.

More Rate Reductions Across the Board

Virgin is also slashing rates on a variety of other mortgage products:

Buy-to-let fixed rates with a £995 fee: Reduced by up to 0.20%, with rates starting from 4.19%.
Buy-to-let 75% LTV 2-Year Fixed Rate fee-saver: Reduced by 0.02% to 5.03%.
90% LTV Purchase Fixed Rate fee-saver: Down by 0.10% to 5.19%.
85% and 90% LTV Remortgage fixed rates: Cut by up to 0.20%, starting from 4.44%.
80%, 85% and 90% LTV Product Transfer rates: Slashed by up to 0.26%, starting from 4.41%.
Select Buy-to-let Product Transfer rates: Trimmed by up to 0.15%, starting from 3.89%.

With so many rate reductions and new offers available, now could be the perfect time to review your buy-to-let mortgage options. Contact Virgin Money or speak to a mortgage broker to see how much you could save.