Virgin Money launches 1.98% buy-to-let fixed rate mortgage
Virgin Money for Intermediaries is offering one of the most competitively priced buy-to-let fixed rates.
The impressively low 1.98% rate is fixed until 1 August 2018.
After 1 August 2018, the mortgage will revert to the lender’s standard variable rate that is currently 4.99%. The overall cost for comparison is 4.8% APR.
Aaron Strutt, product manager at Trinity Financial, says: “If you are looking to purchase a buy-to-let property or remortgage from your current lender, this sub-2% rate offers great value for money.
“Virgin’s fixed rate has a £1,995 arrangement fee and provides £750 cash back on completion. The maximum loan size is £1 million and borrowers will need a 40% deposit to qualify.”
The bank is still offering to pay customers £100 if a fully packed application is submitted and a mortgage offer is not produced within ten working days.
For help to secure buy-to-let mortgage call Trinity Financial on 020 7016 0790.
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