Looking for a housing loan solution that not only provides you with the funds but also gives expert advice? No need to look far and wide. Check out what Virgin Money has to offer you.
Virgin Money offers a variety of mortgages that can suit the needs of many different borrowers. In addition, the application process is easy and straightforward. When applying for a mortgage with Virgin Money, you will be assigned your own personal adviser.
Are you interested in learning more about the details of Virgin Money mortgages? Then continue reading this article as we will discuss all of the essential factors to consider before applying. Plus, we will also tell you how you can apply.
Virgin Money Mortgage Highlights
When looking for a financial solution to funding your housing needs, you may consider getting a Virgin Money Mortgage. Whether you need funds for your first home, remortgaging, moving or buy-to-let, you can rely on this bank to assist you. With this housing loan, you can have access to expert assistance as you will be assigned a personal financial adviser who will help you get the loan term that suits you. Moreover, you know you are in good hands, since this offer is an award-winning financial service.
Do You Want To Apply for This Mortgage?
If you are interested in getting a Virgin Money mortgage just head to their website. The bank conducts an eligibility check to determine whether applicants are qualified for the offer. Before you can go ahead and complete an eligibility check, you need to show proof of your identity, age, and residence. The bank requires applicants to be a UK resident for a minimum of 3 years. You must also be granted full unrestricted rights to work and live in the UK.
Aside from these, the eligibility checker will run a soft credit check and will calculate the amount you can afford to pay depending on your income and expenses. The soft credit check will look into your credit background, while the income and outflow depend on your salary and expenditure. Keep in mind that the bank only grants mortgages for individuals who have not been bankrupt, given a County Court judgment, missed bill payments or experienced a house repossession.
You can start your application by having your eligibility checked through the bank’s online form.
Virgin Money Mortgage Fees and Charges
Once you qualify for the mortgage and your application is granted, you need to remember that you will be responsible for fees and charges. One of these is the application fee which can range from GBP 0 to GBP 99. Other fees that you need to pay for are fund transfer, legal, product and valuation fees.
During your loan, you might gain the ability to pay more than the allotted monthly repayments and you are planning to make early repayments to pay off your loan sooner. However, keep in mind that there is an early repayment charge which will be equal to a percentage of your remaining balance or your original loan amount.
One of the most important charges you need to take note of is the interest. The current base rate is 0.75%. You will be assigned an interest rate depending on your financial and credit information, as well as your loan amount and term.
Virgin Money Contact Details
With the superb assistance and range of mortgage offers provided by Virgin Money, there’s no need to worry about funding your housing needs. If you think this is the right mortgage for you, you can start your application online today. Or just get one step closer to your new home by checking your eligibility.
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.