Finance available: Buy to let mortgages. Residential mortgages.
Access: Virgin Money is accessible via intermediaries.
Buy to let mortgages: Virgin Money’s buy to let offering is available to existing landlords looking to purchase or remortgage vanilla buy to let property. It lends up to a maximum of £1 million and allows applicants to hold four properties with them up to a total of £2 million. Virgin often offers cash back incentives and unlike most buy to let lenders it will accept remortgages within six months. It does require the applicant to have a minimum income of £25,000 per annum, which can’t include rental income from buy to let property.
From 5th December 2016 Virgin Money increased its rental cover requirements to 145% ahead of the PRA changes from January 1st 2017.
Residential mortgages: Virgin also offers a standard range of residential mortgages.
To access this lender call The Deal Placement Team on 0345 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
Last updated: 19/11/2018
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