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 SOME CHANGES
We wanted to let you know that we’re withdrawing the following Virgin Money products at 8pm on Monday 7 August.
Remortgage Exclusives – 7 Day Special
- 70% LTV 2 Year Fixed Rate with £1,495 fee at 5.90%.
- 70% LTV 5 Year Fixed Rate with £1,495 fee at 5.40%.
- 50% LTV 5 Year BTL Fixed Rate with £2,195 fee at 5.30%.
- 60% LTV 5 Year BTL Fixed Rate with £2,195 fee at 5.35%.
- 75% LTV 5 Year BTL Fixed Rate with £2,195 fee at 5.55%.
The end dates will move to 1 December of the relevant year.
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.
NEW 7 DAY SPECIAL REMORTGAGE EXCLUSIVES
We wanted to let you know that we’re launching new Virgin Money products on Friday 11 August.
Our new remortgage Exclusive deals will be available for 7 days, until 8pm on Thursday 17 August. We hope this extended period of availability gives you extra time to review our new rates with your customers and submit a case.
Remortgage Exclusives – 7 Day Special with £1,495 fee and £750 cashback*
- NEW 65% LTV 2 Year Fixed Rate at 5.99%.
- NEW 80% LTV 2 Year Fixed Rate at 6.10%.
- NEW 65% LTV 5 Year Fixed Rate at 5.44%.
- NEW 80% LTV 5 Year Fixed Rate at 5.60%.
*These 7 Day Special Remortgage Exclusives are available until 8pm on Thursday 17 August.
BTL Remortgage Exclusives with free valuation and free legals
- NEW 70% LTV 2 Year Fixed Rate with £2,195 fee at 5.88%.
- NEW 50% LTV 5 Year Fixed Rate with £2,195 fee at 5.32%.
- NEW 60% LTV 5 Year Fixed Rate with £2,195 fee at 5.37%.
- NEW 70% LTV 5 Year Fixed Rate with £2,195 fee at 5.52%.
- 50% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.14%, to 5.76%.
- 60% LTV 2 Year Fixed Rate with £2,195 fee will be reduced by 0.10%, to 5.85%.
Purchase Exclusives with free valuation
- All fixed rates with £1,295 fee will be reduced by up to 0.16%, starting from 5.23%.
Product Transfer
- Selected fixed rates at 65% – 85% LTV will be reduced by up to 0.11%, starting from 5.52%.
We’ll also be making these changes at 8pm today:
Purchase Exclusives with free valuation
- All 5 year fixed rates with £1,495 fee will be withdrawn.
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.
WE’RE WITHDRAWING PRODUCTS AND MAKING EWS1 EASIER
We wanted to let you know that we’re withdrawing the following Virgin Money products at 8pm on Thursday 17 August.
Remortgage Exclusives – 7 Day Special with £1,495 fee and £750 cashback
- 65% LTV 2 Year Fixed Rate at 5.99%.
- 80% LTV 2 Year Fixed Rate at 6.10%.
- 65% LTV 5 Year Fixed Rate at 5.44%.
- 80% LTV 5 Year Fixed Rate at 5.60%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
Making EWS1 easier
Just so you know, we’ve streamlined our EWS1 approach. We now only request an EWS1 form if our valuers need it and are unable to locate it on their database. Plus, we’ll now accept the form directly from you, you no longer need to upload it to the FIA portal. Please see our Cladding lending policy for further information.
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.