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’ll help you get them moving
Arash, it’s a challenging market right now, but our brilliant mortgage team are here to help get your clients moving.
We love the simple cases, and we’re great with the quirky ones too. If you’ve got something that sits outside of our usual lending policies, let us know and we’ll see if we can work some magic.
Let’s make it happen
Whether it’s self-employed people, unique property types, gaps in contracts or incomes that need a special look, your dedicated BDM is here to talk it through.
We’ll speak directly to our Underwriters before you send in the application to see how we can make things happen. Getting in touch early gives us more time to figure things out. And it means we might be able to accept trickier cases too.
PURCHASE EXCLUSIVES STARTING FROM 4.97%
We wanted to let you know that we’re reducing selected rates and launching a new range of Exclusives on Wednesday 20 September.
Purchase Exclusives
- Fixed rates with £1,295 fee will be reduced by up to 0.22%, starting from 4.97%.
Purchase Exclusive fee-savers with free valuation
- NEW 65% LTV 2 Year Fixed Rate will be launched at 5.84%.
- NEW 75% LTV 2 Year Fixed Rate will be launched at 5.87%.
- NEW 85% LTV 2 Year Fixed Rate will be launched at 6.16%.
- NEW 90% LTV 2 Year Fixed Rate will be launched at 6.21%.
- NEW 65% LTV 5 Year Fixed Rate will be launched at 5.15%.
- NEW 75% LTV 5 Year Fixed Rate will be launched at 5.18%.
- NEW 85% LTV 5 Year Fixed Rate will be launched at 5.37%.
- NEW 90% LTV 5 Year Fixed Rate will be launched at 5.54%.
BTL Exclusives with 3% fee
- NEW 60% LTV 2 Year Fixed Rate will be launched at 4.87%.
- NEW 75% LTV 2 Year Fixed Rate will be launched at 4.92%.
- NEW 60% LTV 5 Year Fixed Rate will be launched at 4.97%.
- NEW 75% LTV 5 Year Fixed Rate will be launched at 5.27%.
We’ll also be making the following changes:
- Remortgage Exclusive fixed rates will be reduced by up to 0.21%.
- BTL Remortgage Exclusive fixed rates with £2,195 fee, will be available to purchase customers, starting from 5.20%.
- Selected Product Transfer fixed rates will be reduced by up to 0.37%, with rates starting from 5.17%.
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.
OUR PRODUCT TRANSFER WINDOW’S GROWING
Brilliant news – we’ve boosted our product transfer window from 4 to 6 months.
Flex appeal
With this extra flexibility you can now apply for your customer’s new rate with us much earlier – up to 6 months before their current rate matures.
Same slick process
There’s no change to the application process. You can keep submitting product transfers exactly the same way you do now. If you use the desktop version of VMO you’ll need to download the latest update to take advantage of the 6 month window.
Help is at hand
If you’ve got questions, get in touch with your Business Development Manager or the Mortgage Service Team.