Ryan Fowler is Publishing Editor of Mortgage Introducer, Bridging Introducer and Specialist Finance Introducer

The products have the same benefits as Virgin’s shorter-term range including over payments of up to 10% per annum without penalty, payment holidays and portability.

With the typical starting salary of a newly qualified dentist standing at £34,8401 the average graduate could borrow a mortgage of up to £139,360.

House prices saw a modest 0.3% month-on-month increase in July after taking account of seasonal factors.


The group’s gross lending hit £2.5bn which is some 43% higher than the same period in 2018.

The mortgage can be used by investors to purchase or refinance property or to exit an existing bridging facility.

The Coventry Building Society will use the platform to establish a deeper understanding of the UK affordability landscape.

The deal still requires approval from the Financial Conduct Authority and the Prudential Regulation Authority.

Mark Hayward of NAEA Propertymark said the plan would be of great assistance to the UK property market.

Ultimate Finance has reported its strongest first half performance on record having provided £750m to SMEs in 2019 so far.

Two bedroom houses make up as little as 2% to 3% of the houses on the market in some areas.