Virgin Money is delighted to be back helping customers with a range of 95% LTV mortgages, offered through the Government’s Mortgage Guarantee Scheme. They have 5, 10 and 15 year fixed rates, starting from 3.99%, available to the following application types:
- Purchase or remortgage;
- Maximum property value of £600k;
- Up to a maximum term of 30 years;
- Property types: houses, flats and maisonettes.
Flats and maisonettes must be in buildings with four storeys or fewer and must not be ex-local authority or ex-MOD. They’re unable to accept applications for capital raising during a remortgage or for new build properties.
To qualify for the Scheme, applicants must not have an interest in another property and this must be verified by completing a Mortgage Guarantee Scheme Customer Declaration.
Virgin Money’s new range of 95% LTV mortgages are available with £300 cashback on purchases (£500 for first-time buyers) or free valuation and free legals on remortgages, and are fully portable. These deals may be withdrawn at any time without the usual notice.
To find out more, take a look at their sales aid, talk to your dedicated Business Development Manager, or contact your Regional Service Team
