With recent and upcoming tax changes, 2017 could be an unpredictable year for landlords.
Some landlords may be looking for longer-term certainty on their mortgage payments while these tax changes are phased in. That’s why Virgin Money has competitive 5 year fixed rate deals to support them over this period.
- 5 Year Fixed Rate up to 60% LTV at 2.48% with a £1,995 fee and £500 cashback
- 5 Year Fixed Rate up to 60% LTV at 2.99% with no fee and £500 cashback
Take a look at their tax change calculator, showing landlords the impact the tax changes will have on their profitability as they are phased in.
Free your landlords with a balance swap
To help landlords looking for a better deal, Virgin Money can offer a straight balance swap on buy-to-let remortgages under their old interest coverage ratio of 125%, instead of 145% for other new applications. This will be at their old interest rate stress of 5.74%.
A fast start to the year
You can find out more with their range of helpful tools, including guides for your customers and templates for you, over at their Buy-to-Let Zone.
To find out more about how you can help your buy-to-let customers, talk to your dedicated Virgin Money BDM or visit virginmoneyforintermediaries.com
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