Virgin Income cuts BTL, resi minimum amount phrases to 5 years   – Home loan Tactic

Virgin Dollars has decrease its landlord and residential home loan minimum time period to 5 years from 7.  

The loan firm tells brokers that their shopper’s “chosen time period has to lengthen additional than the primary product’s shut date.   

“So, for event, if a consumer is searching for a five-12 months time interval, they might will want to select a two, or 3-year product.”  

In a restricted take word to intermediaries, the financial institution offers that the transfer “will provide buyers with extra property finance loan selection”.