Virgin Income reduces landlord, resi minimal conditions to 5 years   – House loan Finance Gazette

Virgin Money has decrease its landlord and family mortgage minimal phrase to 5 years from 7.  

The loan firm tells brokers that their shopper’s “chosen expression has to lengthen previous the preliminary product’s conclusion day.   

“So, for event, if a shopper is searching for a 5-year phrase, they might will want to think about a two, or 3-calendar yr services or products.”  

In a fast bear in mind to intermediaries, the lender provides that the transfer “will current patrons with way more home loan alternative”.