Virgin Money know you have strong relationships with your mortgage customers and many will come back to you time after time for mortgage advice. Some of those customers will have a Virgin Money mortgage and they are delighted to announce that they have launched a product transfer service – meaning you can easily renew a customer’s mortgage at the end of their term.
And they will pay you a procuration fee when you do – after all, fair’s fair. Please check the procuration fees with us.
Their product transfer service is designed to be simple and smooth, keeping things straightforward for you and hassle-free for the customer.
Sounds great, how do I get started?
Once you have assessed the customer’s needs and provided a recommendation, you can renew an existing Virgin Money mortgage in five simple steps:
- Log in to VMO and choose the product transfer option from the main menu
- Enter the customer’s mortgage account number and surname
- You’ll have the option to make further account changes – additional borrowing, change of repayment type or change of term*
- Select the new product from the options available
- Complete the application and submit
If you would like more information, Virgin Money have produced a Mortgage Product Transfer Guide and Sales Aid. Or get in touch with dedicated BDM who will be happy to help. You can also visit the Virgin Money Website.
There are partnerships and there are Virgin Money partnerships
*A full affordability assessment may be required
