Virgin Money has launched new exclusive buy-to-let purchase and remortgage Fix and Switch products, which offer a five-year fixed rate with two year early repayment charges. At 60% LTV, rates start at 4.89% with a £1,495 fee or 5.39% fee-free. At 75% LTV, rates are available at 5.04% with a fee or 5.49% fee-free.

Craig Calder, head of secured lending at Virgin Money, said: “As part of our innovative Rate Reducer range it is great news that we are launching a new 3% incentive option as well as broadening the LTV options. We are also expanding Fix and Switch to buy-to-let customers. As a creative lender, we’re always looking at new and inventive ways in which we can assist borrowers and the latest evolution of the Rate Reducer and Fix and Switch offers just that.”