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BREAKING NEW GROUND ON NEW BUILD

Welcome to our New Build Zone – designed to help you grow your new build business.

We are making it even easier for your customers to purchase a brand new property. We offer a range of new build mortgage deals which include Help To Buy Equity Loans, Shared Ownership and Custom Build.

We're committed to developing a comprehensive new build proposition…

And what’s more, we work hard to deliver the personal service you expect. That’s why you can rely on support from a super-friendly BDM and service team, who are on hand to help you with your new build cases.

 

Your New Build toolkit

We’ve created a range of handy materials to help you discuss buying a new build home with your clients. We hope you find them useful.

 

A-Z Lending Policy

If you've got a specific query on an aspect of our new build Lending Policy you can search for your answer here.

Find out more 

Compare our mortgages

View our latest deals on our Mortgage Product Update.

Find a mortgage 

 

Help to Buy Equity Loans

 

We've been a proud supporter of the Government's Help to Buy: Equity Loan scheme for a long time. The scheme is designed to help home buyers with smaller deposits buy a new build home in England, London, Scotland or Wales.

Find out more

Custom Build

 

We are working in partnership with BuildLoan to help your customers realise the dream of building their own home.

With custom build, buyers build their own home on serviced plots of land with pre-existing planning permission and utilities (gas, electricity etc). It gives your customers the freedom to choose the plot, builder, design and layout of their new home. But unlike with traditional new build or self-build, they are not responsible for project management or construction.

Find out more

 

The customer facing items provided are for your clients to read and keep. Please make sure you run them by your own compliance team to check they’re happy before you use them. Plus check out the best practice guidelines we’ve created to help.

Why you should recommend Virgin Money to your new build clients

We define new build as a property where construction is completed and/or the property is first occupied, in the last 24 calendar months.

A wide range of products and features…

  • Residential and BTL deals from our core range available for new build. Deals available up to 75% LTV for new build flats and 90% LTV for new build houses.
  • Cash incentives up to 5% and unlimited non-cash incentives accepted†, without impacting the loan amount. Where the LTV is greater than 85%, cash incentives are not accepted. Please see our Incentives Criteria 
  • Part-exchange transactions accepted.*
  • Seven month Offer as standard and we will offer a seven month extension if needed.** Subject to criteria. Please see our Offer Extension
    Criteria 
  • A comprehensive range of Help to Buy: Equity Loan deals available for all schemes.
  • Help to Buy: Equity Loan affordability is calculated with government fees as part of your client's monthly financial commitments at 3% of the equity loan.

†When purchasing a property through the Help to Buy Equity Loan scheme, incentives of any kind (cash and non-cash) cannot be greater than 5% of the property value.

*Part exchange is not permitted within the Help to Buy Equity Loan schemes.

**Shared Ownership Offers are valid for six months (26 weeks) with six month extensions available. Custom build Offers are valid for four months (16 weeks), with two month extensions available, subject to criteria.

…Backed by great service

  • Dedicated Service Team who are specialists in new build.
  • Offers to your customers within 10 working days of receiving a fully-packaged application, or we'll give them £100 (Please read the service conditions).
  • Access to all our mortgages - we don’t keep the best deals to help us find new customers ourselves.
  • At least 24 hours’ notice before we increase the rates on our mortgage products.
  • Discounts from across the Virgin Group for you and your clients too when they become a Virgin Money customer. View our Virgin Group offers 
 

Want to know more?

Talk to your dedicated BDM, or check out our latest deals, policy and other information available across our website.

Find your BDM