Virgin Money ups maximum age for BTL and adds new products

Virgin Money has improved its buy-to-let proposition by increasing the maximum borrowing age and introducing new products.
The maximum age limit for lending on all buy-to-let products is now 85, an increase from 75.
New products have been added to the range with a higher maximum loan-to-value of 80 per cent available.
The range comprises of a two-year BTL fix starting at 3.45 per cent with a fee of £1,995 and a five-year BTL fix starting from 3.61 per cent, also with a fee of £1,995.
For loans above 75 per cent LTV the maximum loan size is £350,000.
Virgin Money director of mortgages Andrew Asaam says: “By extending our maximum lending age on buy-to-let we’re giving our landlords greater flexibility with how they manage their investments. These improvements demonstrate our commitment to improving choice for customers in the buy-to-let market.”
Last month, Virgin Money was bought by CYBG; the company will operate under the Virgin Money name and is phasing out it’s Clydesdale and Yorkshire Bank brands.


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