Virgin Money has announced an importan product update for advisers. For full details see their latest product update here but do take care to note the date of the update. 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.
Virgin Money Announcements (1 and 2)
1st Announcement
At 8pm on Thursday 25 June we will amend the following Core products:
- Selected 85% LTV Residential rates will be increased by 0.05%
- Selected BTL 60% and 75% LTV rates will be increased by up to 0.10%
- Selected Portfolio BTL 60% and 75% LTV rates will be increased by up to 0.10%
All other rates will either remain unchanged or be reduced.
In line with our commitments, we are giving you at least 24 hours notice of this product withdrawal. To avoid disappointment, please submit any outstanding applications on these deals as soon as possible.
2nd Announcement
Friday 26 June, we are reducing selected rates in our Exclusive and Core ranges.
Selected 65% LTV rates will be reduced by up to 0.18%, helping your clients who are looking to fix at a lower rate.
Intermediary Exclusives
- 65% LTV 2 Year Fixed Rate with £1,495 fee will be reduced to 1.16% with a free valuation for purchase customers or a free valuation and free legals for remortgage customers
- 65% LTV 5 Year Fixed Rate fee saver option will be reduced to 1.64% with £500 cashback plus a free valuation for remortgage customers only
Core
- 65% LTV 5 Year Fixed Rate fee saver option will be reduced to 1.64% with a free valuation for purchase customers or a free valuation and free legals for remortgage customers