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
NEW BUILD CASH INCENTIVES NOW ACCEPTED UP TO 90% LTV
We’ve got great news for new build customers and the latest on how we’re making it easier for you to do business with us.
Simplifying the documents you need to send us
We’ve reduced the number of documents we need to support your applications. For example, on self-employed applications we no longer need a completed Self-employed Supplementary Form for clients whose latest accounts are from 2021 or later.
We hope these changes make packaging your cases quicker and easier.
A boost for new build cash incentives
We now accept new build cash incentives of 5% of the purchase price up to 90% LTV, previously capped at 85% LTV. This includes cashback deals, stamp duty contributions and payment of professional fees.
What’s more, we also accept non-cash incentives without impacting the loan amount.
You can find our full lending criteria and updated documentation requirements on our website.