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Evening Standard
Evening Standard
Business
Jonathan Prynn

Virgin Money pulls all its 5% deposit mortgage deals in new blow to first time buyers

Virgin Virgin Money

Lender Virgin Money pulled its “riskier” deals for new customers

(Picture: PA Archive)

Virgin Money has pulled all its 5% deposit mortgages from the market in another blow to first time buyers.

The lender told brokers last night it had removed the 95% loan to value deals for new customers “temporarily” as “we review our homebuyer proposition and monitor market conditions.”

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