Virgin Money has decrease its landlord and residential house finance loan least time interval to 5 years from seven.
The loan firm tells brokers that their consumer’s “chosen time period has to extend exterior of the preliminary product’s conclude day.
“So, for event, if a shopper is looking for a 5-year expression, they might require to select a two, or 3-year merchandise.”
In a fast word to intermediaries, the lender gives that the shift “will provide clients with extra mortgage loan alternative”.
