Virgin Money has pulled all buy-to-let new business deals as of Tuesday 28 April, removing its full range of fixed rate options across multiple fee structures.
The lender confirmed that fixed rates with a 3% fee, £2,195 fee, 1% fee and £995 fee have all been withdrawn. Fixed rate fee-saver products have also been removed from the new business range.
The move comes amid continued volatility in swap rates and wider mortgage pricing, with lenders across the market frequently repricing or temporarily withdrawing products in response to changing funding costs.
PRODUCT TRANSFERS REMAIN IN PLACE
Virgin Money confirmed that its buy-to-let product transfer range remains unchanged for existing customers.
This includes fixed rates with a £3,995 fee starting from 4.56%, products with a £1,495 fee from 4.84%, and fee-saver options from 4.99%.
The lender said it will continue to offer a range of buy-to-let options for existing borrowers, with brokers encouraged to contact their business development manager for further details.