Virgin Money regularly review their approach to new build to develop their proposition. Some of the new developments they have recently launched include:
- Improving the way they calculate affordability so that they can offer more of your customers the loan amount they want.
- Cash incentives and part-exchange of up to 5% are accepted without impacting the loan.*
- Unlimited non-cash incentives, including ‘finishing touch vouchers’.
- Six-month standard offer – plus a six-month extension if needed is now available (subject to new credit score and updated affordability).
- Continuing their support for Help to Buy Equity Loans in England, London, Scotland and Wales.
And remember, you can submit product transfers for new build clients 120 days before product expiry. And get paid for it.
For more information visit their New Build Zone or speak to your Dedicated BDM.
*All incentives subject to Help to Buy rules for Help to Buy Equity Loan cases.
