Virgin Money new build cash incentives now accepted up to 90% LTV

Virgin Money have shared great news for new build customers and the latest on how they’re making it easier for you to do business with them.

A boost for new build cash incentives

They now accept new build cash incentives of 5% of the purchase price up to 90% LTV, previously capped at 85% LTV. This includes cashback deals, stamp duty contributions and payment of professional fees.

What’s more, Virgin Money also accept non-cash incentives without impacting the loan amount.

Simplifying the documents you need to send  

Virgin Money have also reduced the number of documents they need to support your applications. For example, on self-employed applications they no longer need a completed Self-employed Supplementary Form for clients whose latest accounts are from 2021 or later.

You can find their full lending criteria and updated documentation requirements on their website. If you’ve got any questions, you can get in touch with your Business Development Manager