Your customers might want a second residential property as a holiday home, pied-a-terre, or for a dependant relative.

Virgin Moneys affordability assessment on second residential properties considers the monthly expenditure and that the customer is able to afford all credit commitments including any mortgages.

For more information speak to your dedicated BDM.

10 reasons to use virgin money for remortgage business

With around 3 million residential mortgages in the UK now on an SVR scheme¹, a vast number of borrowers can benefit from remortgaging to save money, consolidate debt, or lock in interest rate security.

As well as being great for borrowers, proactively helping them to remortgage is great for your bottom line and your reputation. We’d love to help you grow your remortgage business, here are 10 great reasons to use Virgin Money:

1. Fixed rate deals available up to 90% LTV – ideal for clients looking to consolidate debt, make home improvements or release equity.

2. Our affordability improvements mean more customers get the loan amount they need. We also let you know the maximum loan your client can have.

3. We have a range of fee options available, including fee saver deals for clients looking to keep upfront costs down.

4. We offer free basic valuation and free standard legal work on residential applications.

5. We allow day one remortgages with the valuation based on the original purchase price if it’s within six months of completion.

6. Flexible features come as standard so your clients can make overpayments and apply for payment holidays (subject to criteria)*.

7. We promise mortgage Offers to your customers within 10 working days of receiving a fully-packaged application, or we’ll give them £100**.We pay competitive procuration fees, rewarding you for the work you put in.

8. We pay competitive procuration fees, rewarding you for the work you put in.

9. With us you get discounts from across the Virgin Group, and your clients too when they become a Virgin Money customer.

10. All backed by dedicated Regional Service Teams who know your area well – they’re here to support you pre and post application.