View more on these topics

Virgin Money cuts rates on fixed rate range


Virgin Money is cutting rates on a number of fixed rate loans, including bringing a residential five-year fixed at 1.99 per cent up to 65 per cent LTV with a £995 fee.

The lender now has a residential two-year fixed rate loan at 1.44 per cent, also at up to 65 per cent LTV with a £995 product fee.

Other new Virgin rates include a buy-to-let two-year fixed rate loan at 2.19 per cent up to 75 per cent LTV with a £1,995 fee and £500 cashback for purchase and remortgage customers.

Virgin is also changing its Help-to-Buy Guarantee product range.

These are:

  • Two-year fixed rate at 95 per cent LTV reduced to 3.79 per cent with no product fee
    Five-year fixed rate at 95 per cent LTV reduced to 4.39 per cent with no product fee
  • Key changes to the Help-to-Buy Equity Loan product range – with £500 cashback for purchase customers:

The lender is also tweaking its buy-to-let product range, with £500 cashback for purchase and remortgage customers.

Virgin Money commercial director for mortgages Peter Rogerson says: “We are delighted to be making a number of improvements across our residential, Help to Buy and buy to let product ranges.

“After reporting a strong performance for the first six months of 2016, we remain focused on supporting our intermediary partners – and we believe this new range will be very popular with their customers.”


Virgin Money’s pre-tax profit up 53%

  Virgin Money’s pre-tax profit rose 53 per cent to £101.8m in the first half from £66.4m in H1 2015. The firm’s net lending was £2.2bn, up 29 per cent. Virgin Money says it now controls 3.6 per cent of the gross mortgage lending market. The lender is planning to pay an interim dividend of […]

One to One: Paul Lloyd, Marketing director, Virgin Money

A national advertising campaign aimed at supporting intermediaries, a culture of challenging the norm – and why it can be sensible to keep one’s mouth shut Virgin Money has launched a national ad campaign to promote intermediaries. Can you tell us more about your motivation for this? At Virgin Money, we are building our mortgage […]


Virgin Money to launch proc fee and simpler product switching

Virgin Money will soon pay brokers a procuration fee for retention business as part of a shakeup of its broker service. The payment will come as part of a new Virgin Money online system that lets brokers compare consumer mortgage options at the retention stage. Virgin Money mortgage director Peter Rogerson says the proc fee […]


News and expert analysis straight to your inbox

Sign up