Compare Mortgage Rates from Virgin Money Against the Market

Virgin Money is a major UK high-street bank and a significant mainstream mortgage lender, competing directly with the biggest names in banking.

They are a prime choice for a wide range of everyday borrowers, from first-time buyers to experienced landlords, who are looking for competitive rates and innovative products from a modern, well-known brand.

You can compare the latest mortgage rates available from Virgin Money for free by using our mortgage-sourcing tool below:

Who are Virgin Money?

Virgin Money has grown to become one of the UK's largest banks, especially after merging with Clydesdale Bank and Yorkshire Bank. They combine the creative, customer-focused approach of the Virgin brand with the scale and history of established banking institutions.

As a mainstream lender, they cater to the majority of the mortgage market. They offer a full service, meaning you can apply directly through their website, over the phone, or in one of their "stores," or you can use a mortgage broker who can access their deals on your behalf.

What are they known for?

Virgin Money is known for offering competitive rates on standard mortgages, but they also stand out with some innovative and consumer-friendly features.

A Broad Range of Mainstream Products

They have a solution for most standard borrowers:

• First-Time Buyers: They consistently offer 95% Loan-to-Value (LTV) mortgages, requiring just a 5% deposit.

• Home Movers & Remortgagers: A huge selection of fixed and tracker rates to suit different needs and budgets.

• Product Transfers: A simple process for existing customers to switch to a new deal when their current one ends.

• Buy-to-Let: They provide mortgages for landlords, covering both the purchase of new rental properties and remortgaging.

Innovative Features

Virgin Money often tries to do things a little differently. They are known for features such as:

• "Greener" Mortgages: Offering lower interest rates for customers buying a new-build home with a high energy efficiency rating (EPC A or B).

• Flexible Approach: While a large bank, they are known for having a slightly more flexible and pragmatic approach to underwriting than some of their older, more traditional rivals.

Pros and Cons of a Virgin Money Mortgage

Pros:

• Competitive Rates: They are a major lender and frequently offer market-leading interest rates.

• Strong Brand: A modern and trusted name in UK banking.

• Good for First-Time Buyers: A reliable provider of low-deposit 95% LTV mortgages.

• Innovative Products: Features like their Greener Mortgages show a forward-thinking approach.

Cons:

• Can be less flexible on complex cases: As a mainstream lender processing high volumes, their underwriting may not be as flexible for truly complex or unusual cases compared to a specialist lender.

• Customer Service can be variable: A common issue for any large bank, the service experience can differ between departments and branches.

How to apply

Virgin Money offers a multi-channel approach, giving you the choice of how to apply:

1. Directly: You can apply yourself online via their website, over the phone, or by booking an appointment in one of their branches or "stores."

2. Through a Mortgage Broker (recommended): You can use an independent mortgage adviser who will guide you through Virgin Money's product range and manage the application for you.

Get started here to book a free, no-obligation chat with a broker who specialises in Virgin Money’s mortgage range and can offer independent advice on their products.