Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Virgin Money Update

By / 15th September 2023 / BTL, Product Updates, Residential

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

GET THEIR MOVE ON

We’re now making changes to our policies for property and self-employed customers. It means you’ll be able to offer mortgages to even more of your customers. Here’s what’s changing.

Opening studio doors

Virgin Money now accepts applications for studio flats that have an internal floor area of 30 square metres or more.

Other changes on the way

Virgin Money have also improved policy clarity on homes close to commercial properties. Now, valuers can use more discretion along with their local knowledge and expertise.

Also, there is now no maximum acreage for properties – we’ll just look at the first two acres for valuations.

Smoother moves for self-employed

It’s easier than ever for self-employed customers to apply for Virgin Money mortgages because the bank has streamlined requirements on bank statements. It’s now just the latest month’s statements required from limited companies, LLPs, partnerships and sole traders.

Check out our property lending criteria for Virgin Money 

Any other questions, get in touch with your Business Development Manager.

WE’RE WITHDRAWING OUR 7 DAY SPECIAL BTL EXCLUSIVES

We wanted to let you know that we’re withdrawing the following Virgin Money products at 8pm on Thursday 7 September.

BTL Purchase & Remortgage Exclusives – 7 Day Special with £1,495 fee, free valuation and £700 cashback
  • 60% LTV 2 Year Fixed Rate at 6.20%.
  • 75% LTV 2 Year Fixed Rate at 6.36%.
  • 60% LTV 5 Year Fixed Rate at 5.50%.
  • 75% LTV 5 Year Fixed Rate at 5.75%.
  • Portfolio 60% LTV 2 Year Fixed Rate at 6.50%.
  • Portfolio 75% LTV 2 Year Fixed Rate at 6.66%.
  • Portfolio 60% LTV 5 Year Fixed Rate at 5.80%.
  • Portfolio 75% LTV 5 Year Fixed Rate at 6.05%.

If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.

You can find our current rates in our Mortgage Update. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.

RESIDENTIAL PURCHASE FIXED RATES NOW STARTING FROM 5.13%

Great news, on Friday 8 September we reduced the rates on residential purchase deals across all LTVs, by up to 0.69%. Take a look at all of our reduced rates below

Purchase Exclusives with free valuation and £1,295 fee
  • 65% LTV 2 Year Fixed Rate reduced by 0.12%, now at 5.65%.
  • 75% LTV 2 Year Fixed Rate reduced by 0.12%, now at 5.70%.
  • 85% LTV 2 Year Fixed Rate reduced by 0.09%, now at 5.88%.
  • 90% LTV 2 Year Fixed Rate reduced by 0.07%, now at 6.07%.
  • 65% LTV 5 Year Fixed Rate reduced by 0.08%, now at 5.13%.
  • 75% LTV 5 Year Fixed Rate reduced by 0.10%, now at 5.13%.
  • 85% LTV 5 Year Fixed Rate reduced by 0.08%, now at 5.26%.
  • 90% LTV 5 Year Fixed Rate reduced by 0.14%, now at 5.46%.
Purchase Exclusives with free valuation, £1,000 cashback and £495 fee
  • 90% LTV 2 Year Fixed Rate reduced by 0.16%, now at 6.44%.
  • 85% LTV 5 Year Fixed Rate reduced by 0.14%, now at 5.49%.
Purchase Fixed Rate Fee-savers
  • 65% LTV 2 Year Fixed Rate reduced by 0.53%, now at 5.97%.
  • 75% LTV 2 Year Fixed Rate reduced by 0.69%, now at 5.99%.
  • 85% LTV 2 Year Fixed Rate reduced by 0.49%, now at 6.29%.
  • 90% LTV 2 Year Fixed Rate reduced by 0.61%, now at 6.37%.
  • 65% LTV 5 Year Fixed Rate reduced by 0.44%, now at 5.28%.
  • 75% LTV 5 Year Fixed Rate reduced by 0.60%, now at 5.28%.
  • 85% LTV 5 Year Fixed Rate reduced by 0.63%, now at 5.42%.
  • 90% LTV 5 Year Fixed Rate reduced by 0.54%, now at 5.65%.
  • 95% LTV 5 Year Fixed Rate reduced by 0.25%, now at 5.96%.
Remortgage Exclusives with free valuation, free legals and £995 fee
  • 60% LTV 2 Year Fixed Rate reduced by 0.10%, now at 5.80%.
  • 70% LTV 2 Year Fixed Rate reduced by 0.10%, now at 5.90%.
  • 60% LTV 5 Year Fixed Rate reduced by 0.06%, now at 5.28%.
  • 70% LTV 5 Year Fixed Rate reduced by 0.10%, now at 5.34%.
Remortgage Exclusives Fee-savers
  • 60% LTV 2 Year Fixed Rate reduced by 0.15%, now at 6.18%.
  • 60% LTV 5 Year Fixed Rate reduced by 0.03%, now at 5.51%.

We’ve also made these changes:

  • Selected Purchase and Remortgage fixed rates have been reduced by up to 0.31%, rates now from 5.18%.
  • Selected BTL fixed rates have been reduced by up to 0.24%, rates now from 5.38%.
  • Selected Product Transfer fixed rates have been reduced by up to 0.44%, rates now from 5.18%.

To confirm what we said on 7 September 2023:

  • All 7 Day Special BTL Exclusives have been withdrawn.

You can find our current rates in our Mortgage Update. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.

WE’RE REDUCING SELECTED RATES AND LAUNCHING NEW BTL PORTFOLIO EXCLUSIVES

We wanted to let you know that we’re reducing selected rates and launching a new range of BTL Portfolio Exclusive rates on Friday 15 September.

Purchase Exclusives with free valuation and £1,295 fee
  • 65% LTV 2 Year Fixed Rate will be reduced by 0.05%, to 5.60%.
  • 75% LTV 2 Year Fixed Rate will be reduced by 0.10%, to 5.60%.
  • 85% LTV 2 Year Fixed Rate will be reduced by 0.03%, to 5.85%.
  • 65% LTV 5 Year Fixed Rate will be reduced by 0.06%, to 5.07%.
  • 75% LTV 5 Year Fixed Rate will be reduced by 0.03%, to 5.10%.
Purchase Fixed Rate Fee-savers
  • 65% LTV 2 Year Fixed Rate will be reduced by 0.10%, to 5.87%.
  • 75% LTV 2 Year Fixed Rate will be reduced by 0.12%, to 5.87%.
  • 85% LTV 2 Year Fixed Rate will be reduced by 0.07%, to 6.22%.
  • 65% LTV 5 Year Fixed Rate will be reduced by 0.09%, to 5.19%.
  • 75% LTV 5 Year Fixed Rate will be reduced by 0.05%, to 5.23%.
  • 85% LTV 5 Year Fixed Rate will be reduced by 0.03%, to 5.39%.
BTL Portfolio Exclusives with £2,195 fee
  • NEW 50% LTV 2 Year Fixed Rate will be launched at 6.06%.
  • NEW 60% LTV 2 Year Fixed Rate will be launched at 6.15%.
  • NEW 75% LTV 2 Year Fixed Rate will be launched at 6.18%.
  • NEW 50% LTV 5 Year Fixed Rate will be launched at 5.62%.
  • NEW 60% LTV 5 Year Fixed Rate will be launched at 5.67%.
  • NEW 75% LTV 5 Year Fixed Rate will be launched at 5.82%.

We’ll also be making these changes:

  • Selected Product Transfer fixed rates will be reduced by up to 0.10%, with rates starting from 5.18%.

You can find our current rates in our Mortgage Update. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.

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