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Virgin Money cuts rates to field a strong intermediary XI amidst football fever


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.

  • 11 mortgages available exclusively through intermediary partners
  • 2 year fixed rate available at 2.05% for purchase and remortgage customers
  • 5 year fixed rates available from 3.10%
  • Tracker products available from 1.78%

With the FIFA World Cup in Brazil well underway, Virgin Money is launching a range of new mortgage products to take its range of intermediary-exclusive mortgages to 11-strong.

The new products will be available from 17 June 2014 for a limited period. The full range of mortgages available exclusively through intermediaries registered with a Virgin Money national account will be:

Fixed rates (with a £995 product fee)

  1. Two-year fixed rate at 2.05% up to 50% LTV
  2. Three-year fixed rate at 2.48% up to 60% LTV
  3. Three-year fixed rate at 2.79% up to 75% LTV
  4. Four-year fixed rate at 2.99% up to 60% LTV
  5. Four-year fixed rate at 3.29% up to 75% LTV
  6. Five-year fixed rate at 3.18% up to 60% LTV
  7. Five-year fixed rate at 3.48% up to 75% LTV

Fixed rates (with a £1,495 product fee)

  1. Five-year fixed rate at 3.10% up to 60% LTV

Trackers (with a £995 product fee)

  1. Two-year tracker at 1.78% up to 60% LTV
  2. Two-year tracker at 2.09% up to 75% LTV

Buy-to-let (with a £1,995 product fee and £500 cashback)

  1. Buy-to-let two-year fixed rate at 3.09% up to 60% LTV

Peter Rogerson, Virgin Money’s Savings and Mortgages Director said: “The new line up shows real strength throughout. There’s a solid back line with our longer term fixed rates, a good mix of creativity with defensive qualities in the midfield through our 3 and 4 year fixes, and the attacking punch of the 2 year fixed and tracker rates up front. There is some strong opposition out there, but we’re confident we’ll perform well with this team.”

Virgin Money Intermediary XI

Further details of Virgin Money’s mortgage range can be found at


Media Contacts

Virgin Money Press Office
0191 279 4676


Early Repayment Charges

Following the fixed rate or tracker period, residential loans will revert to Virgin Money’s Standard Variable Rate (currently 4.79%) for the life of the loan. Buy-to-let loans will revert to Virgin Money’s Buy-to-Let Variable Rate (currently 4.99%) 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.

About Virgin Money

  • Virgin Money provides savings, mortgages, credit cards, pensions, investment and protection products
  • 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 Money is the official sponsor of the London Marathon, the biggest annual one-day fundraising event in the world. Virgin Money has helped London Marathon runners raise over £¼ billion through Virgin Money Giving, the not-for-profit online fundraising service, since 2010.

Supplementary notes

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit for full terms and conditions.

Virgin Money plc - Registered in England and Wales (Company No. 6952311). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.