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Virgin Money reviews policy to accept CCJs and defaults

Virgin Money is now considering mortgage applicants with minor blips on their credit history.

Specifically, the lender will consider satisfied CCJs up to £500 and satisfied defaults up to £2,000.

Concerning CCJs, Virgin says that there is no time limited to when they were registered or satisfied but must be on the applicant’s credit file as acceptable.

For defaults below £500, there is no time limit on when they were registered (but must be satisfied on file), but for amounts from £500 – £2,000, the default must have been registered for more than 36 months and be satisfied.



Virgin Money adds intermediary exclusives and new high LTV rates

Virgin Money has reduced rates on several of its high loan-to-value fixed rate mortgage products and added new intermediary exclusives to its range. The new product range is available from today, 25 January and is aimed first-time buyers who are coming to the end of the their current mortgage arrangement. The new high LTV products […]

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Virgin Money scraps guarantor mortgage

Virgin Money has stopped offering its guarantor mortgage range citing a lack of demand for the product, Mortgage Strategy can reveal. Until today, 24 October, Virgin Money offered clients a mortgage in which a family member guarantees they will cover repayments for a first-time buyer if the buyer should become unable to do so. A […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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