Virgin Money have made some changes to their lending policy to help them say yes to more customers.
They now lend up to 5.5x income
They have increased their maximum loan to income limit to 5.5x for the following cases:
This excludes Shared Ownership. You can find full details of Virgin Money’s lending criteria on their website.
Improved Shared Ownership policy
Virgin Money can now accept Shared Ownership flats up to 95% LTV whatever the storey height, including new builds. Previously the LTV for flats was limited based on storey height.
If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Regional Service Team.