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Virgin temporarily withdraws 90% LTV purchase, remortgage and new build products

Ryan Fowler

June 9, 2020

Virgin has temporarily withdrawn its 90% loan-to-value (LTV) purchase, remortgage and new build products following strong demand. 

The lender is the latest to make such a move as they look to protect service levels following a spike in demand after the easing of restrictions on the property market during lockdown.

A spokespersom for Vigin said: “Following a strong increase in demand, we are temporarily withdrawing our 90% LTV purchase, remortgage and new build products in order to protect our service to existing customers and applications.

“Our 85% LTV products will continue to support customers with small deposits, and we hope to be back in the 90% LTV market soon.”

Yesterday Accord needed to make a similar change following a spike in demand.


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