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Virgin Money Makes Mortgage Policy Enhancements

04/06/2019

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit our mortgage pages for full terms and conditions.

  • Offer validity on residential and buy-to-let applications increased to six months
  • Shared ownership new build offer validity increased to seven months

Virgin Money has further enhanced its mortgage proposition by increasing its offer validity to 6 months for residential and buy-to-let products and to seven months on new build shared ownership. The enhanced policy is available from 4 June.

Policy enhancements:

Virgin Money’s offer validity period increased from four months (16 weeks) to six months (26 weeks) for:

  • New to bank residential and BTL purchase and re-mortgages.

Virgin Money’s offer validity period increased from six months (26 weeks) to seven months (30 weeks) for:

  • New build shared ownership This increase aligns new build shared ownership with the wider new build range.

Andrew Asaam, Director of Mortgages at Virgin Money, said: “We are pleased to announce that we have increased our offer validity on residential, buy-to-let and new build shared ownership to six and seven months respectively. We review our lending policy on a regular basis and look to continually make enhancements where possible to make it easier for people to do business with us. We have listened to valued feedback from our intermediary partners and view these increases in offer validity as a very positive step.”

Full details of Virgin Money’s mortgage product range is available at www.virginmoney.com


Media Contacts

Virgin Money Press Office
0800 066 5998
press.office@virginmoney.com

Notes to editors

About Virgin Money

  • Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to customers across the UK.
  • Virgin Money's business ambition is to make "everyone better off" - this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
  • More than 15,000 charities have registered with Virgin Money Giving and, by the end of 2018, over £700 million had been donated to charities through the service since its launch in 2009, resulting in many millions more being raised for charity because of its not-for-profit model.
  • Virgin Money is a wholly-owned subsidiary of CYBG Group.
Virgin Money plc - Registered in England and Wales (Company No. 6952311). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.