Virgin introduces new build mortgages at 90% LTV

Virgin Money has introduced a new range of fixed rate residential products for new build properties.

The loans are available up to 90 per cent LTV and come at two, three and five year fixed rate terms.

Product fees are £995 and there is £300 cashback available on each.

New build mortgage offers will now be valid for seven months, with an option to extend open offers for a further seven months where the construction of the property is not completed.

Virgin Money director of mortgages Andrew Assam says: “Our range of 90 per cent LTV new build mortgages will provide a competitive option for clients considering a new build property.

“Following feedback from our new build intermediary partners and builders, we have also further enhanced our proposition to cater for clients that need extra flexibility.”

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