Virgin Money has launched a new ‘three for two’ rate designed to offer borrowers an additional year’s ‘peace of mind for no additional cost’.
The buy-to-let three-year fixed rate product is available at 75% LTV at the two-year fixed rate of 1.56% with a £1,995 fee.
The lender has also reduced the rate on its two-year fix up to 80% LTV to 3.25%.
This comes with a £995 fee.
In addition, the three-year fixed rate up to 60% LTV, which comes with a £1,995 fee, has also been cut to 1.56%.
Andrew Asaam, head of mortgages for Virgin Money, commented: “We’re delighted to launch these special offers at the start of 2020.”
“By launching the new ‘three for two’ rates we’re offering customers an extra year’s peace of mind for no additional cost,” he added.