Virgin and Clydesdale to offer 90% LTV mortgages

Published on

Virgin Money and Clydesdale Bank will be launching a wider range of products supported with a mix of physical and non-physical valuations next week.

The decision follows the government announcements that physical valuations can restart in England.

Residential mortgages up to 90% LTV and buy-to-let mortgage up to 80% LTV will be available and temporary limits on loan sizes and property values will be withdrawn, meaning there will be a return to previous maximum loan sizes.

Both Virgin Money and Clydesdale Bank will also be able to help with large loans, shared ownership, professional and new build cases.

Physical valuations will be booked in England for pipeline cases requiring a physical valuation. This will be applied to pipeline cases in the rest of the UK as soon as restrictions in other areas are eased.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgages, mutuality, members and making a difference

Anyone working in the mortgage market knows that a key area of our measurement...

Reeves: Social housing must play a major role in tackling crisis

Chancellor Rachel Reeves has pledged that social housing will be central to Labour’s plans...

The Mortgage Shop and Stonebridge sign long-term deal

The Mortgage Shop (TMS), Stonebridge’s largest appointed representative (AR), has signed a new long-term...

Fintel launches Omnicore standalone distribution platform

Fintel has launched an intelligent distribution platform designed to provide a strategic conduit between...

Mortgage borrowing slows as corporate lending accelerates

Households are curbing mortgage borrowing amid a cooling housing market, despite falling rates on...

Latest publication

Other news

Mortgages, mutuality, members and making a difference

Anyone working in the mortgage market knows that a key area of our measurement...

Reeves: Social housing must play a major role in tackling crisis

Chancellor Rachel Reeves has pledged that social housing will be central to Labour’s plans...

The Mortgage Shop and Stonebridge sign long-term deal

The Mortgage Shop (TMS), Stonebridge’s largest appointed representative (AR), has signed a new long-term...