Virgin Money Offer validity period extended

Virgin Money have increased their Offer validity period for purchase and remortgage applications from 4 months (16 weeks) to 6 months (26 weeks). This applies to all residential and buy-to-let applications submitted from 4 June.

Summary of offer validity periods

Application Type Offer validity period
Purchase – Residential and BTL 6 months (26 weeks)
Remortgage – Residential and BTL 6 months (26 weeks)
Custom Build 6 months (26 weeks)
Shared Ownership (non-New Build) 6 months (26 weeks)
New Build (including Shared Ownership) 7 months (30 weeks)


Extension of Offers

As Virgin Money Offers are now valid for longer, there’s no need to go through an Offer extension process, saving you time. If your client’s completion date is delayed beyond the validity of their Offer, Virgin Money will be happy to consider a new application, subject to the following:

> A new credit score
> Re-confirmation of affordability and proof of income
> Re-confirmation of property valuation
> A new product being selected from the range available at the time

For New Build there is no change to the Offer validity period or the existing 7 month extension process.

Additional information

Offers in the pipeline will be automatically extended by 10 weeks (14 weeks for New Build Shared Ownership applications). Virgin Money will write to you to confirm this ahead of the original Offer expiry date. After the extension period, Virgin Money will require a new application.

If you have any queries, please contact Virgin Money on the telephone number detailed in the Offer.