Virgin Money is set to introduce several new buy-to-let mortgage products this Wednesday, 24th April, alongside adjustments to existing rates.
The upcoming products include new Product Transfer BTL Fixed Rate deals featuring a £3,995 fee, such as a 60% LTV 2-year Fixed Rate at 4.84% and a 75% LTV 2-year Fixed Rate at 5.14%.
Additionally, a 60% LTV 5-year Fixed Rate will be available at 4.61%, and a 75% LTV 5-year Fixed Rate at 4.81%.
There are also new Product Transfer BTL Tracker deals with a £1,995 fee, including a 60% LTV 2-year Fixed Rate at 5.79% and a 75% LTV 2-year Fixed Rate at 6.21%.
Changes will also be made to existing products effective from 8pm on Tuesday, 23rd April. These include increases in selected Product Transfer fixed rates by up to 0.10%, starting from 4.38%, and a 0.05% increase to the 90% LTV Purchase Fix & Switch fee-saver rate, bringing it to 5.52%.
The 90% LTV Professional Purchase Fixed Rate fee-saver will rise by 0.02% to 4.82%. Selected Remortgage fixed rates will see a 0.10% increase, starting from 4.79%.
The 5-year Greener New Build fixed rates will be adjusted up by 0.05%, starting at 4.44%. The Own New Rate Reducer 3% Incentive 2-year fixed rates will increase by up to 0.10%, starting at 2.57%, and the Own New Rate Reducer 5% Incentive fee will see a £500 increase, to £995.
Additionally, Virgin Money has extended its Green Reward offer, providing a £250 cashback incentive for existing customers making green home improvements, with extended deadlines now available for customers to register.
