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

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be between £399 and £599.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: