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Virgin Money enhances mortgage policy


  • Shared Ownership loan to value (LTV) increased to 95% of the share purchased on flats and houses, including new build
  • Shared Ownership lending extended to Wales
  • Maximum LTV for properties valued between £500k and £750k increased from 80% to 85%

Virgin Money has made a number of policy improvements to its mortgage proposition. The enhanced policy is available for all decisions in principle from 5 August.

Policy enhancements:

  • Shared Ownership LTV increased from 90% to 95% of the share purchased, available on both flats and houses and including new build properties
  • The new 95% LTV rates are available across 2, 3 and 5 year fixed terms, starting from 3.49% with £300 cashback and have no product fee
  • Shared Ownership proposition extended into Wales, in addition to its current availability in England
  • Maximum LTV on properties valued between £500,000 and £750,000 increased to 85% from 80%

Andrew Asaam, Director of Mortgages at Virgin Money, said:
“This latest set of mortgage policy improvements demonstrates how engaged we are with our intermediary partners. We have listened to their feedback and improved various elements of our policy so it is easier to do business with us. We are confident that these enhancements will be very well received and demonstrate our continued commitment to all aspects of the mortgage market.”

Full details of Virgin Money’s mortgage product range is available at

Media Contacts

Virgin Money Press Office
0800 066 5998

Notes to editors

About Virgin Money

  • Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to customers across the UK.
  • Virgin Money provides award-winning customer service through a range of channels including digital (online and mobile), intermediaries, contact centres and a national network of Stores and customer Lounges.
  • More than 15,000 charities have registered with Virgin Money Giving and, by the end of 2018, over £700 million had been donated to charities through the service since its launch in 2009, resulting in many millions more donated to charities because of its not-for-profit model.
  • Virgin Money is a wholly-owned subsidiary of CYBG Group.
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.