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Virgin Money widens 90% LTV criteria

Virgin cuts rates

Virgin Money has widened the scope of its mortgage range for those with a 10% deposit.

From tomorrow people can get a 90% LTV mortgage on a property valued at £500,000, up from £400,000.

Meanwhile the maximum term is being increased from 25 to 30 years.

The lender’s 90% LTV first-time buyer intermediary exclusive with £1000 cashback will also be made available to next time buyers.

However, to 80% LTV the lender will lower its maximum loan-to-value to 4.49x.