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Virgin Buy to let mortgage

Virgin Buy to let mortgage

Virgin Buy to Let Mortgage


Virgin Money is part of the Virgin Group.

Virgin are committed to offering great products and good service

We do not charge any broker fees. If you are interested in a buy to let mortgage with Virgin please fill in our enquiry form


Virgin Money was initially established under the name VIrgin Direct is 1995. It rapidly expanded in 2012 when Virgin purchased Northern Rock

 

At least one borrower must have a UK residential mortgage.


No first-time buyers (never owned a property before).

Minimum combined income of at least 25,000 per year (excluding income from let property)


Evidence of income is required in all cases


Virgin will accept student lets providing there are no more than 4 students and the property is not in a student suburb location, with limited private ownership


Property is acceptable in England, Scotland, Wales or Northern Ireland.

Virgin use a Buy to Let affordability rate - the higher of 5.99% or the product rate to work out the annual mortgage costs.


The rent must be greater than the mortgage balance x Buy to Let affordability rate x 125%.

Virgin Lending Criteria

Virgin will occasionally negotiate special deals with finance houses such as Legal and General and Sesame Bankhall . We have access to these deals