Yes, (subject to Lending Policy at the time of application). In order to transfer your mortgage to a new property you need to speak to one of our mortgage advisers on 0345 602 8301.*
*Lines are open 8am to 7pm weekdays and 9am to 1pm Saturdays.
If you are buying a new home then you will have to pay for a valuation of the property.
If you are remortgaging and your property price is under £3 million, then you don’t have to pay for your valuation.
|Purchase Price||Valuation Report Fee||Homebuyers' Fee|
|up to £60,000||£112||£270|
|£60,001 - £100,000||£132||£311|
|£100,001 - £150,000||£163||£352|
|£150,001 - £200,000||£188||£398|
|£200,001 - £250,000||£214||£444|
|£250,001 - £500,000||£275||£510|
|£500,001 - £750,000||£331||£561|
|£750,001 - £1,000,000||£377||£612|
|£1,000,001 - £1,500,000||£510||£817|
|£1,500,001 - £2,000,000||£663||£1,021|
|£2,000,001 - £2,500,000||£817||£1,225|
|£2,500,001 - £3,000,000||£970||£1,531|
|Over £3,000,000||By Negotiation||By Negotiation|
For residential remortgages on properties over £3m, Virgin Money will negotiate the cost of the Valuation Report with our suppliers. We will pay the first £970 of this fee. Any cost for the Valuation Report above this amount will be paid by the borrower.