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.
You’ll receive the latest updates, analysis, and best practice straight to your inbox.
If you receive an email purporting to come from Today’s Conveyancer or a Firm member, or if you are directed to a website which purports to be Today’s Conveyancer’s website, and you have doubts or concerns about the provenance of the email or website, before taking any action please either contact the Firm member you normally deal with or email David Opie on david.opie@todaysmedia.co.uk and they will tell you whether the email came from us or whether it is our website.
