Virgin Money starts offering shared ownership in Wales

Michael Lloyd

August 5, 2019

Virgin Money has extended its shared ownership proposition to Wales.

The lender also increased its loan-to-value (LTV) from 90% to 95% of the share purchased, available on both flats and houses and including new build properties.

The new 95% LTV rates are available across 2, 3 and 5-year fixed terms, starting from 3.49% with £300 cashback and have no product fee.

Andrew Asaam, director of mortgages at Virgin Money, said: “This latest set of mortgage policy improvements demonstrates how engaged we are with our intermediary partners.

“We have listened to their feedback and improved various elements of our policy so it is easier to do business with us. We are confident that these enhancements will be very well received and demonstrate our continued commitment to all aspects of the mortgage market.”

The maximum LTV on properties valued between £500,000 and £750,000 increased from 80% to 85%.

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