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Virgin Money not taking off this time.

Qlds007's picture

Submitted by Qlds007 on May 1, 2008 - 3:09pm.

Joined: 23/08/2003

Just had a client phone me wanting to refinance as his existing lender Virgin Money have pulled the plug on new home loans with effect from tomorrow.

They seem to be falling by the day

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 8.63%


May 1, 2008 - 5:46pm

Joined: 04/04/2008

Virgin Blue airline not doing well too with its shares keep plungging since IPO :)


Qlds007's picture

May 2, 2008 - 11:07am

Joined: 23/08/2003

G of M

Think the VB have other issues........

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 8.63%


May 2, 2008 - 12:04pm

Joined: 11/11/2004

I think this has more to do with Macquarie stopping lending than any issues with Virgin the company, as the Virgin Money product was just a re-branded Macquarie loan.

Regards,

Cameron Perry
Perry Financial Strategies
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044


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