Following its launch in London, the South West and South East, Virgin Money has expanded its shared ownership offering into the rest of England.
The products, which are available through a limited number of intermediary partners, are as follows:
Two-year Shared Ownership products:
- Fixed rate at 85% LTV available at 1.94% (£995 product fee, £300 cashback)
- Fixed rate at 85% LTV available at 2.61% (No product fee, £300 cashback)
- Fixed rate at 90% LTV available at 3.39% (No product fee, £300 cashback)
Five-year Shared Ownership products:
- Fixed rate at 85% LTV available at 2.49% (£995 product fee, £300 cashback)
- Fixed rate at 85% LTV available at 2.79% (No product fee, £300 cashback)
- Fixed rate at 90% LTV available at 4.29% (No product fee, £300 cashback)
Andrew Asaam, director of mortgages and life insurance at Virgin Money, said: “It is fantastic news that we have been able to extend our Shared Ownership proposition to the rest of England. The pilot launch has proved very successful and provides people with an affordable way to get onto the housing ladder. Virgin Money will also continue to make a donation to Crisis for every Shared Ownership completion.”
