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
BETTER LENDING AMOUNTS
We love helping you say yes to more of your customers. And great news, we’ve updated our affordability assessment for residential products fixed for 5 years or longer, improving the amount we could lend to them.
This comes hot on the heels of changes we made in recent months, aimed at improving your customers’ affordability outcomes and ultimately helping you find the right mortgage for them.
Want to know how much we could now lend? Check out our updated affordability calculator.
Any questions?
If you’ve got any questions about anything, your Business Development Manager is just the person to speak to.
NEW FIX AND SWITCH PURCHASE AND REMORTGAGE FIXED RATES
We wanted to let you know that we’re launching the following products on Friday 16 February.
Exclusive Purchase – Fix and Switch with £1,495 fee and 2 year ERC
- NEW 90% LTV 5 Year Fixed Rate with £250 cashback at 4.98%.
Exclusive Remortgage – Fix and Switch with £1,495 fee and 2 year ERC
- NEW 70% LTV 5 Year Fixed Rate with free valuation & free legals at 4.69%.
We’ll also be making these changes at 8pm on Thursday 15 February:
- Selected 85%-90% LTV Purchase Exclusive fixed rates will be increased by up to 0.10%, with rates starting from 4.50%.
- 60% & 70% LTV Remortgage Exclusive fixed rates will be increased by 0.05%, with rates starting from 4.29%.
- Exclusive BTL fixed rates will be increased by 0.10%, with rates starting from 3.97%.
- £1m+ Purchase and Remortgage Exclusive fixed rates will be increased by up to 0.39%, with rates starting from 4.76%.
- Selected Residential Product Transfer 65% and 75% LTV 2, 3 & 5 year fixed rates will be increased by up to 0.15%, with rates starting from 4.13%.
- BTL Product Transfer 2, 3 & 5 year fixed rates will be reduced by up to 0.25%, with rates starting from 4.73%.
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 Product Guide. If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Mortgage Service Team.