Virgin Money pulls exclusives, streamlines EWS1 processing Mortgage Strategy

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Virgin Money withdrew a range of remortgage exclusives yesterday (17 August) and has updated its processing of EWS1 forms for flats in tower blocks.  

The withdrawn products cover:  

Remortgage Exclusives – 7 Day Special with £1,495 fee and £750 cashback  

  • A 65% loan to value two-year fixed-rate offer at 5.99%  
  • An 80% LTV two-year fixed-rate offer at 6.10%  
  • A 65% LTV five-year fixed-rate offer at 5.44%  
  • And an 80% LTV five-year fixed-rate offer at 5.60%  

The lender points out that it has streamlined its approach to checks on external wall systems on residential buildings, and will only request an EWS1 form if its valuers need it and are unable to locate the document on their database.   

It adds that it will now accept the form directly from brokers, who no longer need to upload it to the FIA portal.    


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