New Exclusive BTL rates with £1,000 cashback

02 October 2019

On Wednesday 2 October, we reduced selected rates and launched new deals across our Exclusive and Core ranges. Summary of changes...

Intermediary Exclusive:

• NEW BTL 2 and 5 year fixed rates with £995 fee, with £1,000 cashback for purchase customers and £750 cashback with a free valuation for those remortgaging

Core:

• Selected 65% to 95% LTV 2, 3 and 5 year fixed rates have been reduced by up to 0.20%
• New Build 90% LTV 2 and 5 year fixed rates have been reduced by up 0.29%
• Selected £1m + 60% and 75% LTV 5 and 10 year fixed rates have been reduced by up to 0.44%
• Selected BTL 2 and 5 year fixed rates have been reduced by up to 0.53%

We've launched deals exclusively for new Virgin Money BTL portfolio landlords.

• NEW BTL Portfolio Range 2, 5 and 10 year fixed rates with £2,495 and £1,495 fees. These come with £500 cashback for purchase customers and a free valuation with a choice of either free legals or £300 cashback for remortgage customers. (Existing portfolio landlord customers will still have access to our Everyday range BTL products)

And as a reminder, we have also amended the following products:

• Shared Ownership 95% LTV 2 Year Fixed Rate has been increased to 3.54%
• All Everyday Freedom to Fix deals have been withdrawn
• All Everyday and Flexible Tracker deals for new-to-bank customers have been withdrawn (still available for existing customers)
• 95% LTV deals for 7, 10 and 15 year fixed rates have been withdrawn
• BTL 7 year fixed rate deals have been withdrawn
• Help to Buy, Shared Ownership and New Build 3 year fixed rate deals have been withdrawn
• Intermediary Exclusive BTL 2 Year Fixed Rate at 60% LTV with £2,450 fee has been withdrawn

Additional Information

End dates remain at 1 January of the relevant year.