We have launched deals specifically for new Virgin Money BTL portfolio landlords. Clients with four or more mortgaged rental properties (including the new application) will need to select a product from this new range. We will confirm details of these new deals shortly. The current BTL product range will still be available for existing Virgin Money customers.
At the same time, we’ll be slimming down our current product range to make it easier for you to find the best fit for your clients. The following will be withdrawn:
- All Everyday Freedom to Fix deals
- All Everyday and Flexible Tracker deals for new to bank customers (still available for existing customers)
- 95% LTV deals for 7, 10 and 15 year fixed rates
- BTL 7 year fixed rate deals
- Help to Buy, Shared Ownership and New Build 3 year fixed rate deals
- Intermediary Exclusive BTL 2 Year Fixed Rate at 60% LTV with £2,450 fee
We will also amend the following product:
- Shared Ownership 95% LTV 2 Year Fixed Rate will be increased to 3.54%
In line with our commitments, we are giving you at least 24 hours’ notice of this product withdrawal. To avoid disappointment, please submit any outstanding applications on these deals as soon as possible.
