Virgin Money has announced an important product update for advisers. Virgin Money products and support with the lender, including same day payment on completion, is all available accessible through our direct to lender mortgage club. Contact us for more information.
ANNOUNCEMENTS
WE’RE MAKING CHANGES TO OUR RATES
Following the decision by the Monetary Policy Committee on 2 February 2023 to increase the Bank of England Base Rate to 4.00%, we’re making some changes. On 2 March 2023, we will increase our Standard Variable Rate to 8.24% and our Buy to Let Variable Rate to 8.44%.
What happens with existing customers
Customers affected by the changes to our Standard Variable Rate or Buy to Let Variable Rate will be contacted to let them know their rate and monthly repayment will change on 1 April 2023.
If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Regional Service Team.
We accept income from foster caring
We’ve introduced a new lending policy to help us say yes to more customers at Virgin Money
We now accept income from foster caring, using our usual self-employed policy.
Just so you know, any individuals under foster care should be included as dependants within the application.
You can see how much we could lend customers in our Virgin Money affordability calculator.
If you’ve got any questions, you can get in touch with your Business Development Manager.