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
Product Withdrawal
We wanted to let you know that we’re withdrawing the following mortgage at 8pm on Wednesday 26 May.
- Exclusive 90% LTV 2 Year Fixed Rate at 3.18% will be withdrawn
If you’re applying for this mortgage on behalf of your customer, please 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
Say hello to Greener Mortgages
We’re passionate about building a brighter future for us all, and are working hard to deliver products and services that make a positive impact on society and the environment.
That’s why we’re excited to launch Virgin Money’s new Greener Mortgages; rewarding customers for purchasing energy-efficient new build homes.
Our Greener Mortgages give customers access to a range of new build products that are priced at 0.10% lower than our equivalent core products.
Greener Mortgages – New Build Deals
- 85% LTV 2 and 5 year fixed rates starting from 2.33%
- 75% LTV 2 and 5 year fixed rates starting from 1.44%
- 65% LTV 2 and 5 year fixed rates starting from 1.25%
Help to Buy Equity Loans
- 75% LTV 2 and 5 year fixed rates starting from 2.00%
These purchase deals come with £300 cashback for residential applications and £500 for Help to Buy applications. A £995 fee applies.
Customers must be purchasing a new build residential home with a certified or predicted energy rating of A or B. This will be evidenced by an Energy Performance Certificate (EPC), a Predicted Energy Assessment (PEA) or a Standard Assessment Procedure (SAP) calculation.
Our New Build lending criteria applies. For information on our requirements and eligibility, visit our Lending Criteria.
A brighter future
We’ve partnered up with Carbon Neutral Britain and for every Greener Mortgage that completes, we will fund environmental projects, such as the development of wind, solar and hydro renewable energy. The funding will offset the equivalent of the average UK home’s carbon emissions for an entire year.*
Together, we’re also aiming to plant 100,000 trees from the sale of our Greener Mortgages.
We’ve reduced rates
More good news for you as we’ve also reduced the rates on the following mortgages:
Core BTL and BTL Portfolio
- 75% LTV 2 Year Fixed Rate with £995 fee has been reduced by 0.02%.
- 75% LTV 5 Year Fixed Rate with £995 fee has been reduced by 0.05%.
- 75% LTV 5 Year Fixed Rate with £1,995 fee has been reduced by 0.05%.
Product Transfer
- 75% LTV 2 Year Fixed Rate with £995 fee has been reduced by 0.02%.
- 75% LTV 5 Year Fixed Rate with £995 fee has been reduced by 0.05%.
You can find all our rates, including our new Greener Mortgages, in our Mortgage Update.