“Not being organised will now start to be a costly exercise for mortgage holders.”
BTL rates and trackers slashed
Today, Virgin Money also reduced its buy-to-let remortgage products by a greater 0.45 percentage points.
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“We know landlords looking for a new deal have seen market challenges over the last six months as rates have increased,” said Virgin Money’s head of intermediary sales, Richard Walker.
“To assist buy-to-let customers we have made some reductions to our range with rates starting from 4.18 per cent with a £3,995 fee.”
Meanwhile, Halifax will cut its trackers by up to 0.25 percentage points for both buyers and remortgage customers on Monday (March 13).
ruby.hinchliffe@ft.com
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