Virgin Money
BankVirgin Money is a UK challenger bank now owned by Nationwide Building Society, offering residential and buy-to-let mortgages with a focus on customer experience and competitive pricing. Known for its distinctive brand and Virgin Money Lounges, it brings a modern approach to mortgage lending.
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Lending Focus
Virgin Money offers mortgage products across 2 categories including Residential, Buy-to-Let.
Key Features
- Part of the Nationwide Group with access to competitive funding rates
- Offset mortgage product linking savings to mortgage balance
- Fixed-rate products with fee-free and fee-saver options
- Strong intermediary distribution with fast service level agreements
- Overpayment flexibility and portable mortgage options
Pros & Cons
Pros
- Backed by Nationwide with access to competitive funding rates
- Offset mortgage available — not common among challenger banks
- Portable mortgage option allows you to take your deal to a new property
- Fee-free and fee-saver mortgage options available
Cons
- –No shared ownership or Help to Buy products
- –Limited physical branch presence — relies on Virgin Money Lounges and online
- –Maximum loan amount of £2 million may not suit high-value buyers
Fees & Charges
Arrangement Fee
£995 or fee-free options available
Valuation Fee
Free on most products
Early Repayment Charge
1–5% during the initial deal period
Overpayment Allowance
Up to 10% per year without charge
Mortgage Rates
Rate data coming soon
We're working on adding live mortgage rate information for Virgin Money. In the meantime, visit their website for the latest rates.
View rates on Virgin MoneyApplication Process
Processing Time
2–4 weeks from application to offer
Online DIP
Yes — available online
Offer Valid For
6 months
Lending Criteria
Maximum LTV
95%
Max Loan Amount
£2m
Min Loan Amount
£25k
Rate Types
fixed, tracker, offset
Frequently Asked Questions
Is Virgin Money part of Nationwide?
Does Virgin Money offer offset mortgages?
Can I port my Virgin Money mortgage to a new property?
What are Virgin Money Lounges?
How to Apply
Direct & Broker Access
You can apply directly with Virgin Money or through a mortgage broker. Using a broker gives you access to the whole market and may secure better terms. Find a broker
Contact Information
Need a Virgin Money Broker?
Find FCA-regulated mortgage brokers who have Virgin Money on their lender panel.
Find a BrokerRegulatory Status
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.