Virgin Money further enhances buy-to-let policy
- Maximum age extended to 85 years across all buy-to-let lending
- New range of 80% LTV buy-to-let mortgages launched
- Two-year fixed rates at 80% LTV starting from 3.45% with £1,995 fee
Virgin Money has further enhanced its buy-to-let proposition by increasing both the maximum age and maximum LTV available. The enhanced policy and new product range is available from 12 November.
New buy-to-let products:
- Two-year fixed rates at 80% LTV starting from 3.45% with £1,995 fee.
- Five-year fixed rates at 80% LTV starting from 3.61% with £1,995 fee.
For loans greater than 75% LTV, the maximum loan size is £350,000.
In addition, the maximum lending age has been increased to 85 from 75 across all buy-to-let products.
All buy-to-let purchase applications are available with £500 cashback. Free basic valuations are available on all buy-to-let remortgage applications with a choice of either free standard legal work or £300 cashback.
Andrew Asaam, Director of Mortgages at Virgin Money, said: “It’s great news for landlords with smaller deposits that a well-known and trusted lender is entering this segment of the market. By extending our maximum lending age on buy-to-let, we’re giving our landlords greater flexibility with how they manage their investments. These improvements demonstrate our commitment to improving choice for customers in the buy-to-let market.”
Full details of Virgin Money’s mortgage product range is available at www.virginmoney.com
Virgin Money Press Office
0191 279 4676
About Virgin Money
- Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to customers across the UK.
- Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
- More than 14,500 charities have registered with Virgin Money Giving and, by the end of June 2018, over £660 million had been donated to charities through the service since its launch in 2009, resulting in an estimated £20.6 million more donated to charities because of its not-for-profit model.
- Virgin Money is a wholly-owned subsidiary of CYBG Group.