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Virgin has temporarily withdrawn its 90% loan-to-value (LTV) purchase, remortgage and new build products following strong demand.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