It has long been recognised that the best way to secure the right mortgage deal is to fully explore the market and what is on offer to whom.
As the financial markets have expanded and matured, it has become harder for the layperson to interrogate the market completely and with the level of forensic understanding required if the best informed decision is to be made.
The mortgage broker is best placed to offer unbiased, professional advice to their client and Virgin’s bold move to invite anyone considering their products to first speak with an independent adviser illustrates a level of confidence and security that is to be both appreciated and praised.
In February last year, the bank announced a ‘manifesto’ for brokers, comprising commitments to the market which included paying customers £100 if they do not receive their mortgage offer within 10 working days after a fully-packaged application is made, giving every intermediary a dedicated, named business development manager who will “know your area and know your cases” and giving 24 hours’ notice before rate increases on mortgage deals and reiterating a commitment to “competitive” procuration fees.
As mortgage brokers it is our role to consider the market and bring to you the best options for your consideration. Virgin Money recognise this fact and they’ve decided it is in the best interests of the consumer that they receive professional advice before committing to any one provider. That must be good news for everyone.
To speak to a mortgage broker contact us on 01628 507477.
Download our Free First Time Buyers Guide
Recent posts
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
Delayed Start Mortgages
14 days ago
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
Green Mortgages | Rewards and Benefits
16 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
When will mortgage rates fall further?
26 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
More information
Trusted by
