Virgin raises buy-to-let fixed rates by 0.35%

The lender announced that it has increased rates across its buy-to-let and residential fixed rate products, in addition to launching new purchase and remortgage products.

Related topics:  Finance,  Landlords,  BTL
Property | Reporter
11th July 2023
To Let 925

Virgin Money has announced that it has launched a new remortgage exclusive 'Freedom to Fix' two-year tracker with rates at 5.29% up to 70% LTV with a £995 fee.

In addition, a new exclusive buy-to-let five-year fixed rate has launched at 5.83% up to 75% LTV, available for purchase and remortgage with a £2,195 fee.

In Virgin's core range, two and three-year fixed-rate residential products have increased by 0.35%, now starting from 6.26% and 6.11% respectively. Five-year fixes have risen by up to 0.30% and now start from 5.53%.

Buy-to-let fixed rates have also increased by 35bps and now start from 5.36%.

Fixed-rate residential and buy-to-let rates in Virgin's product transfer range have been raised by up to 0.40% and now start from 5.18% and 5.53% respectively.

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