Brilliant Solutions

Virgin Money Update

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 clubContact us for more information. 

ANNOUNCEMENTS

WE’RE MAKING SOME CHANGES

We wanted to let you know that we’re making some changes to the following mortgages at 8pm on Wednesday 8 September.

Exclusive BTL
  • All Exclusive BTL purchase deals with £1,000 cashback will be withdrawn.
Core BTL
  • All BTL 65% LTV fixed rates will revert to 60% LTV.

Coming soon, look out for our new range of Exclusive BTL deals at 65% LTV.

NEW GREENER SHARED OWNERSHIP MORTGAGE AT 90% LTV

Great news, we’re making our Greener Shared Ownership mortgages available up to 90% LTV and launching new Exclusive BTL deals at 65% LTV on Thursday 9 September.

Residential Exclusive
  • Selected purchase deals with £1,000 cashback will be reduced by up to 0.23%.
  • Selected remortgage deals will be reduced by up to 0.10%.
Exclusive BTL
  • NEW 65% LTV 2 Year Fixed Rate with £895 fee available at 1.46%.
  • NEW 65% LTV 5 Year Fixed Rate with £895 fee available at 1.67%.
Core

Greener Shared Ownership:

·     NEW 90% LTV 2 Year Fixed Rate with £995 fee available at 2.24%.

Selected 95% LTV fixed rates will be reduced by up to 0.16%:

·     Our 95% LTV 2 Year Fixed Rate fee-saver will be available at 3.12%.

Selected 90% LTV fixed rates will be reduced by up to 0.18%:

·     Our 90% LTV 5 Year Fixed Rate with £995 fee will be available at 2.62%.

Selected 85% LTV fixed rates will be reduced by up to 0.27%:

  • Our 85% LTV 2 Year Fixed Rate fee-saver will be available at 1.89%.
  • Our 85% LTV 5 Year Fixed Rate fee-saver will be available at 2.29%.
Core BTL

Selected reductions of up to 0.30%:

·     Our 75% LTV 2 Year Fixed Rate with £1,995 fee will be available at 1.35%.

Product Transfer
  • Selected 65-95% LTV fixed rates will be reduced by up to 0.27%.
  • Selected BTL fixed rates will be reduced by up to 0.18%.
  • Shared Ownership 90% LTV 2 Year Fixed Rate with £995 fee will be reduced to 2.34%.

To confirm what we said on Tuesday, we’ll also be making these changes:

  • All Exclusive BTL purchase deals with £1,000 cashback will be withdrawn.
  • All BTL 65% LTV fixed rates will revert to 60% LTV.

The end dates will move to 1 February of the relevant year.

You can find our current rates in our Mortgage Update

 

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