Virgin Money

Virgin Money strive to make their borrowing products simple. With 6.4 million customers around the UK, Virgin Money is divided into three areas: mortgages, personal and businesses. Virgin Money offer a wide range of mortgage products for first time buyers, those moving home and those who want to remortgage.

Virgin Money

How much can I borrow with a Virgin Money mortgage?

How much you can borrow with a Virgin Money mortgage comes down to you and your financial situation. To get a rough idea of how much you’ll be eligible to borrow, you can use an online mortgage calculator. This will give you a rough budget for your new home. When checking your mortgage eligibility, factors such as your income, expenses, credit score and the condition of the property you want to buy all influence how much Virgin Money will be willing to lend you.

How big a mortgage deposit do I need with Virgin Money?

Virgin Money offer mortgages that only need a deposit of 5% of the value of the property you want to buy. This means that they offer loan-to-value (LTV) ratios of 95%. If you do have the option to put down a larger deposit, this could lower the rate you’re offered and reduce your monthly repayments.

Can I make overpayments with Virgin Money?

Virgin Money offer flexibility as standard with their mortgages. This means you can make overpayments of up to 10% a year without incurring an early repayment charge. You may also have the option to take a mortgage repayment holiday, subject to your mortgage agreement with Virgin Money.

Our lenders and partners

You know, we don’t work with just anyone. We only work with trusted UK lenders and credit card providers that will help you find your best borrowing option.