Virgin revamped its remodeled growth mortgage scope and now offers customers a cashback of up to £10,000 to provide energy-efficient improvements to its properties.
After the broker’s feedback, lenders no longer offer seven- and ten-year remodeling options, which offer higher cashback amounts. But it increases the cash back amount of its five-year fixed-rate remodeling and upgrading products
The range is available for new residential and BTL clients, with loan volumes of £150,000-£500,000 and offers a range of five-year fixed-rate options with cash backs of 5k, 7k £7k and 10k.
Cash back or paid by the transporter after the mortgage is completed
The improvement of the transformation is the scope of five-year fixed-rate mortgages. They provide cash back to clients to help them make home improvements. These include installing insulation or solar panels, battery storage or heat pumps to its performance.
In the first five years, interest rates were higher than Virgin’s core range in exchange for cash back. After that, the borrower can switch to one of the core products.
