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Virgin Money sets minimum loan size of £300K for interest-only

Tags: Interest-only mortgages, Market-Matters, Residential mortgages

Jan 11 2013

Virgin Money is the latest lender to change their interest-only lending policy by setting a minimum loan size of Â£300,000. For applicants using the sale of the property as a way of repaying the mortgage,

Virgin Money requires borrowers to have a 40% deposit. They must also have at least Â£150,000 equity in their property.

January 11, 2013

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Virgin Money sets minimum loan size of £300K for interest-only

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