Virgin Money launches new 5.5x LTI limits and Shared Ownership LTVs

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:

  • C&I applications up to 80% LTV where the applicants are employed and the total income (sole or joint) is £100,000 or more.
  • C&I remortgages with no additional borrowing up to 85% LTV where the total income (sole or joint) is £50,000 or more.

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.