Self-build mortgage sector withdrawal for Virgin Money

Self-build mortgage sector withdrawal for Virgin Money

After lack of demand for the product, Virgin Money has pulled out of the self-build mortgage sector.

A spokesperson said: “There was a limited demand for the product so we decided to withdraw it. It only ever made a very small fraction of our lending.”

Funds under the product were only released when properties were wind and weather tight which may have put off potential borrowers.

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