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Virgin Money updates mortgage range


This information is intended for use by journalists and is correct at the time of publication. Customers wanting to view our current mortgage range should visit our mortgages pages.

  • New residential two year fixed rate at 2.19% available exclusively through intermediaries
  • Selected residential fixed and tracker rates reduced by up to 0.15%
  • Selected buy to let rates reduced by up to 0.54%
  • £750 cashback extended across the entire buy to let range

Virgin Money has announced a number of changes across its residential mortgage range. The updated range will be available from 26 April 2013.

Key Residential Changes

60% LTV changes:

  • A new two year fixed rate at 2.19% is available exclusively through intermediaries registered with a Virgin Money national account. Available to both purchase and remortgage customers, the product has a maximum loan size of £300,000 and a £1,095 product fee

70% LTV changes:

  • Two year fixed and tracker rates available at 2.34% with a £995 product fee – a reduction of 0.10%
  • Three year fixed and tracker rates available at 2.39% with a £995 product fee – a reduction of 0.15%
  • Five year fixed rates available at 2.89% with a £995 product fee – a reduction of 0.05%

Buy to Let Changes

  • Cashback incentive of £750 will be extended across the entire buy to let range (certain buy to let products currently offer £500 cashback)
  • Two year fixed rates up to 60% LTV available at 3.75% (with a £995 product fee) – a reduction of 0.54%
  • Two year fixed rates up to 70% LTV available at 4.09% (with a £995 product fee) – a reduction of 0.40%

Richard Tugwell, Director of Intermediary Relationships at Virgin Money said “We're delighted to announce these changes to our mortgage range, including the new exclusive product for intermediaries. This new deal demonstrates our commitment to offer attractive products to customers, and to put the relationships with our intermediary partners at the heart of our mortgage business.”

Press Office Contacts
Tel: 0191 279 4676


Intermediary exclusive – residential Everyday fixed rate mortgages

Fixed termMax LTVProduct FeePurchaseRemortgage
2 years60%£1,0952.19%2.19%


Residential Everyday fixed rate mortgages




Fixed termMax LTV£995
Product Fee
Fee Saver
Product Fee
Fee Saver
2 years60%2.25%2.74%2.25%2.74%
3 years70%2.39%3.09%2.39%3.09%
5 years70%2.89%3.29%2.89%3.29%

1 – includes cashback of £300

Residential Everyday tracker mortgages




Tracker periodMax LTV£995
Product Fee
Fee Saver
Product Fee
Fee Saver
2 years70%2.34%2.84%2.34%2.84%
3 years70%2.39%3.09%2.39%3.09%


 Buy to Let Everyday Cashback Range

ProductMax LTV£1,995 fee£995 fee2.5% fee2.0% feeFee Saver Option

2 year fixed

3 year fixed60%3.95%4.59%3.89%4.49%5.59%
5 year fixed60%3.99%4.68%3.99%4.59%5.79%
2 year tracker60%n/a3.75%3.39%3.99%n/a


Early Repayment Charges
Following the fixed rate or tracker period, the loan will revert to Virgin Money’s Standard Variable Rate (SVR), (currently 4.79%) for the life of the loan. On Everyday products, the Early Repayment Charge will apply to the outstanding secured loan balance at the time of redemption. Any overpayments in excess of the 10% annual allowance will also be subject to the Early Repayment Charge.

Fee Saver Option
The Fee Saver Option is ideal for customers looking to keep their fee costs as low as possible. This option is available across most of the range of mortgage products, enabling customers to choose between lower rates on a range of Product Fees, or paying a slightly higher rate without a Product Fee. Where fees are added to the loan they will incur interest for the term of the loan.

Products are available through registered mortgage intermediaries, via the UK based call centre on 0800 0285 277, at, or through the nationwide network of stores. Phone lines are open from 8am to 8pm Monday to Friday, 9am to 3pm Saturday, and 10am to 3pm on Sunday.



About Virgin Money

  • Virgin Money provides savings, mortgages, credit cards, pensions, investment and protection products to over four million customers
  • Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders
  • Virgin is the official sponsor of the London Marathon, the biggest annual fundraising event in the world. Virgin Money leads the London Marathon sponsorship with the ambition to help runners raise £¼ billion over 5 years and will use its infrastructure, online capability and financial expertise to deliver that through Virgin Money Giving


Virgin Money plc registered in England and Wales under company number 6952311.
Registered Office: Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL (Main Switchboard 0845 600 8401). Authorised and regulated by the Financial Services Authority.