Mortgages  

Launch pad: Mortgages

Peter Rogerson, savings and mortgages director at Virgin Money, said: “Buy-to-let remains a key segment of the mortgage market for Virgin Money. We are making these reductions while retaining our offer of £500 cashback across the entire buy-to-let range.”

Key Features

■ Two-year fixed rates have been reduced by up to 0.16 per cent and are available from 2.89 per cent, with a 2.5 per cent fee.

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■ The three-year BTL fixed rates have been reduced by up to 0.5 per cent, and are available from 3.59 per cent with a £1,995 fee.

■ Five-year fixed rates have been reduced by up to 0.21 per cent, and are available from 3.95 per cent with a £1,995 fee.

■ The two-year trackers in the buy-to-let range have been reduced by up to 0.15 per cent, available from 2.69 per cent (2.5 per cent product fee).

The revised product rates are available now.

IFA VERDICT:

Andrew Dawson, IFA with Truro-based Coast To Coast Financial Planning, said, “Any reduction in rates is a good thing – what Virgin Money is doing should be welcomed.”