View more on these topics

Virgin Money cuts rates on BTL range by up to 0.54%

Virgin Money is cutting rates on its buy-to-let range by up to 0.54 per cent from tomorrow in addition to cutting selected residential fixed and tracker rates by up to 0.15 per cent.

The largest reduction is being made to the two-year fixed rate up to 60 per cent LTV product from the buy-to-let range. The rate is being reduced from 4.29 per cent to 3.75 per cent. The mortgage requires a £995 product fee.

Additionally, £750 cashback is being extended across the entire buy-to-let range.

From the residential range, a new two-year fixed rate at 2.19 per cent is available exclusively through intermediaries registered with a Virgin Money national account. The product is available for both purchase and remortgage customers and has a maximum loan size of £300,000 and a £1,095 product fee.

A three-year fixed and tracker rate of 2.39 per cent will become available after a 0.15 per cent reduction from 2.54 per cent. The product requires a £995 product fee.

Virgin Money director of intermediary relationships Richard Tugwell says: “We are delighted to announce these changes to our mortgage range, including the new exclusive product for intermediaries. This new deal demonstrates our commitment to offer attractive products to customers and to put the relationships with our intermediary partners at the heart of our mortgage business.”



What advisers are saying: Offshore bonds vs funds

You do not have to be a doctor to know how important the heart is. But back in ancient Greece, you could be a doctor and still have no idea how important the heart is. Back then, doctors such as second-century Greek physician Galen believed that the liver, not the heart, circulated blood (along with […]


Brooks Macdonald discretionary FUM rise 7.6% in Q1

Wealth management firm Brooks Macdonald has reported a 7.6 per cent rise in discretionary funds under management in the first quarter of 2013. The group has seen assets rise to £4.97bn at 31 March, compared to £4.62bn at the start of 2013. However advisory funds under management, formerly managed by Spearpoint, saw a decrease of […]

FCA: Product costs cannot subsidise wrap charges

The Financial Conduct Authority says platforms who market their platform charge as free or appear to offer lower platform pricing for their own funds will come under scrutiny. In its platform policy statement published today, the regulator said product costs should not be used to subsidise platform charges and the platform charge should not vary […]

Ian McKenna: Five ways an adviser can give clients digital access

A recurring theme in my columns this year has been to identify why it is so important for advisers to become the first digital point of contact for their clients. This week, in the first of a two-part analysis, I want to look at several options offered by Cofunds to create microsites for advisers’ customers. Having […]


MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm