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 95% for residential shared ownership / 85% for residential non-shared ownership.
- Cash incentives up to 5% and unlimited non-cash incentives accepted†, without impacting the loan amount. For houses, where the LTV is greater than 85%, cash incentives of 1% (up to £5,000) of the property value are acceptable. Please see our Incentives Criteria Link opens in a new window
- Part-exchange transactions accepted.*
- 30 weeks (seven months) Offer as standard and we will offer a 30 weeks (seven months) extension if needed. Subject to criteria. Please see our Offer Extension
Criteria Link opens in a new window - 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.
- Access to a range of Greener Mortgages, more competitively priced than their equivalent Core products, rewarding customers for purchasing energy efficient, new-build homes. See our Greener Mortgages page.
*Up to 95% LTV on new build houses is only available for Shared Ownership, otherwise the maximum LTV is 85%
†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.
…Backed by great service
- Dedicated Service Team who are specialists in new build.
- 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
