Virgin Money Mortgage – How to Apply?

Looking for a housing loan solution that not only provides you with the fund but also gives the best expert advice? No need to look far and wide. Check out what Virgin Money has to offer and you are sure to find the right solution to your needs.

Virgin Money Mortgage Features and Benefits

When looking for a financial solution to funding your housing needs, you may consider getting a Virgin Money Mortgage. Whether you need funds for your first home, remortgaging, moving and buy-to-let, you can rely on this bank to assist you. With this housing loan, you can have access to expert assistance as you will be assigned a personal financial adviser who will help you get the loan term that suits you. Moreover, you know you are in good hands as this offer is an award-winning financial service.

Looking for a housing loan solution that gives the best expert advice? Virgin Money Mortgage is your best option. Here's how to apply...

Getting a Virgin Money Mortgage

If you are interested in getting a Virgin Money mortgage just head to their website. The bank conducts an eligibility check to determine whether applicants are qualified for the offer. Before you can go ahead and avail an eligibility check, you need to show proof of your identity, age and residence. The bank requires applicants to be a UK resident for a minimum of 3 years. You must also be granted full unrestricted rights to work and live in the UK.

Aside from these, the eligibility checker will run a soft credit check and will calculate the amount you can afford to pay depending on your income and outflow. The soft credit check will look into your credit background, while the income and outflow depend on your salary and expenditure. Keep in mind that the bank only grants mortgages for individuals who have not been bankrupt, given a County Court judgment, missed bill payments or experienced house repossession.

You can start your application by having your eligibility checked through the bank’s online form.

Virgin Money Mortgage Fees and Charges

Once you qualify for the mortgage and your application is granted, you need to remember that you will be responsible for fees and charges. One of these is the application fee which can range from GBP 0 to GBP 99. Other fees that you need to pay for are fund transfer, legal, product and valuation fees.

During your loan, you might gain the ability to pay more than the allotted monthly repayments and you are planning to make early repayments to pay off your loan sooner. However, keep in mind that there is an early repayment charge which will be equal to a percentage of your remaining balance or your original loan amount.

One of the most important charges you need to take note off is the interest. The current base rate is 0.75%. You will be assigned an interest rate depending on your financial and credit information, as well as your loan amount and term.

With the superb assistance and range of mortgage offers provided by Virgin Money, there’s no need to worry about funding your housing needs. To get this mortgage ASAP, start your application today!