Brilliant Solutions

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

We’re withdrawing products

We wanted to let you know that we’re making some changes to the following products at 8pm today.

Exclusive
  • 90% LTV 5 Year Fixed Rate with £495 fee will be withdrawn.
  • BTL 60% LTV 5 Year Fixed Rate with £1,295 fee will be withdrawn.
  • BTL 75% LTV 5 Year Fixed Rate with £1,295 fee will be withdrawn.

If you’re applying for one of these products on behalf of your customer, please send us the application as soon as possible.

You can find our current rates in our Mortgage Update.

All other product rates will remain unchanged.

Buy To Let – You Bet!

Whether your client is a seasoned pro or a newbie dipping their toe, here’s how we can help:

  • Straightforward rental cover tests, starting from 125% at 5%, or product rate +1%, whichever is higher.
  • Personal income accepted to help with affordability. Give our affordability calculator a try.
  • Portfolio landlords are welcome.
  • Products available up to 80% LTV, with a choice of incentives on remortgages.
  • Flexibility as standard, with the option to port your mortgage, make overpayments and apply for payment holidays.
  • Superb service, through our 10-day service promise. Terms apply.

See our lending criteria for full policy details.

We’re increasing rates

We wanted to let you know that we’re making some changes to the following products at 8pm today.

Across our Exclusive, Core and Product Transfer ranges, all fixed rates will increase by 0.20%, with the exception of:

Product Transfer
  • 65% LTV 2 and 3 year fixed rate fee-savers will be increased by 0.10%.
  • 65% LTV 5 Year Fixed Rate with £995 fee will be increased by 0.06%.
  • 65% LTV 5 Year Fixed Rate fee-saver will be increased by 0.12%.
  • BTL 60% LTV 5 Year Fixed Rate fee-saver will be increased by 0.14%.

The following Product Transfer rates will remain unchanged:

  • 65% LTV 2 and 3 year fixed rates with £995 fee.
  • BTL 60% LTV 2, 3 and 5 year fixed rates with £995 fee.
  • BTL 60% LTV 2 and 3 year fixed rate fee-savers.
  • BTL 60% LTV 5 Year Fixed Rate with £1,995 fee.

If you’re applying for one of these products on behalf of your customer, please send us the application as soon as possible.

You can find our current rates in our Mortgage Update.

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