Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

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

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

NEW BTL 65% EXCLUSIVES

We wanted to let you know that we’re making changes to the following Virgin Money products on Tuesday 21 March.

BTL Purchase and Remortgage Exclusives with £300 cashback and free valuation
  • NEW 65% LTV 2 Year Fixed Rate with £995 fee at 4.90%.
  • NEW 65% LTV 5 Year Fixed Rate with £995 fee at 4.65%.
BTL
  • 60% LTV 2 year Fixed Rate with £995 fee will be reduced by 0.15% to 4.82%.
  • 60% LTV 5 year Fixed Rate with £995 fee will be reduced by 0.06% to 4.60%.
  • NEW 75% LTV fee-savers starting from 4.88%.
  • Selected Portfolio Landlord 60% LTV fixed rates will be reduced by up to 0.15%.
Residential Core and Exclusive
  • 95% LTV 5 year Fixed Rate fee-saver will be reduced by 0.02% to 5.02%.
  • Selected fixed rates will be reduced by up to 0.10%.
Product Transfer
  • Selected fixed rates will be reduced by up to 0.41%.

At 8pm tonight we are also making the following changes:

Core
  • Selected 85% LTV residential fixed rates will be increased by up to 0.05%.

The end dates will move to August of the relevant year.

If any of your brokers are applying for one of these products on behalf of their customer, please ask them to send us the application as soon as possible.

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 Regional Service Team.

WE’RE MAKING CHANGES TO OUR TRACKER MORTGAGES

Following today’s decision by the Monetary Policy Committee to increase the Bank of England Base Rate to 4.25%, we’re increasing our tracker mortgage rates.

Our updated tracker rates will be available from 24 March 2023 and reflect the change to the Bank of England Base Rate. Our tracker differential will stay the same.

What about customers already in the pipeline

Pre-Offer, including applications received today
Your customer’s application will go through as normal and we’ll make an Offer that reflects the new Bank of England Base Rate

Post-Offer (pre-completion) including Offers issued today
We’ll write to your customer to let them know about the updated Bank of England Base Rate and how it affects their monthly payment.

Completed up to and including today
These applicants will be treated as existing customers – take a look at the paragraph below for what that means.

What happens with existing customers

Customers whose mortgage rates are directly linked to the Bank of England Base Rate will be contacted to let them know their monthly payment will change on 1 May 2023, as per their mortgage terms and conditions.

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 Regional Service Team.

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