How hard is it to get a mortgage with Virgin Money

JH_2003

Hi everyone, I am just looking for some advice as I have recently submitted a mortgage application to Virgin Money as a first time buyer (with my girlfriend who is also a first time buyer).

Both of our credit scores are excellent along with every other criteria I can see. The only thing that may be an issue is I have recently graduated as a Mechanical Engineer and am in my first job. I am in probation of 6 months but have received my first payslip which Virgin Money say is within their lending criteria.

I suppose my main question is what have other people's experience been like with Virgin Money? Are they quite accepting of applications or are they really hard on them?

kingstreet

VM criteria;-

"If the customer is in probation or has not been in their current job for 6 months, this is acceptable as long as they have a permanent contract (as opposed to short term) and they’ve received their first payslip."

ACG

I dont use them massively, but my mortgage is with them. 
Their system is a bit rubbish but as a whole they are generally reasonably good to deal with I think. 

It helps that you fit criteria as thats a bit of a deal breaker. I am sure you will be fine. 

annetheman

I applied for 6 mortgages this year. I am a relatively high earner (>£100k), okay-ish credit profile - 1x 1-month missed payment over 2 years old, 1x 1-month AR over 7 years old.

Virgin Money do HARD check DIPs and were the only lender of my 3who said they would lend me less than I needed:

Accord Jan 2024 - I pass, lend enough, house pass = offer (pulled out)
Accord Feb 2024 - I pass, lend enough, house fail 
Santander Mar 2024 - I pass, lend enough, house pass = offer (expired)
Santander Oct 2024 - I pass, lend enough, house pass = offer (pulled out)
Virgin Money Nov 2024 - I pass, will only lend £27k less, didn't progress to full app for house
Accord Nov 2024 - I pass, lend enough, house pass = offer (exchanging, thank the Lord)

Anecdotally, I found them to be the hardest of my very small sample size in my very specific circumstances!

london21

Virgin money were good when i used them. They can be flexible. As far as it is a permanent job or even contract think should be OK.