Virgin Money Mortgage Rates

44 mortgage products listed in our database and is currently offering remortgage fixed rates starting at 4.89% with a £995 set up fee for its 5 year products

Virgin Money Mortgage Rates

44 mortgage products listed in our database and is currently offering remortgage fixed rates starting at 4.89% with a £995 set up fee for its 5 year products.

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of July 16, 2024 and rates are subject to change.

Virgin Money Mortgage Rates: First Time Buyer

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
VIRGIN MONEY First Time Buyer Everyday Freedom to Fix Tracker 2 years 5.67% 8.7 APRC £995.00  
VIRGIN MONEY First Time Buyer Greener NewBuild Fixed Cashback Everyday 2 years 5.14% 8.6 APRC £995.00  
VIRGIN MONEY First Time Buyer Everyday Fixed Cashback 2 years 5.19% 8.6 APRC £995.00  
VIRGIN MONEY First Time Buyer Everyday Fixed 2 years 5.39% 8.6 APRC £0.00  
VIRGIN MONEY First Time Buyer Greener NewBuild Fixed Cashback Everyday 5 years 4.64% 7.3 APRC £995.00  
VIRGIN MONEY First Time Buyer Everyday Fixed Cashback 5 years 4.69% 7.4 APRC £995.00  
VIRGIN MONEY First Time Buyer Everyday Fixed 5 years 4.89% 7.4 APRC £0.00  
VIRGIN MONEY First Time Buyer CA Rewards Everyday Fixed Cashback 5 years 4.95% 7.4 APRC £0.00  
VIRGIN MONEY First Time Buyer Everyday Fixed Cashback 10 years 4.89% 6.3 APRC £995.00  

 

Virgin Money Mortgage Rates: Moving Home

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
VIRGIN MONEY Moving Home Everyday Freedom to Fix Tracker 2 years 5.67% 8.7 APRC £995.00  
VIRGIN MONEY Moving Home Greener NewBuild Fixed Cashback Everyday 2 years 5.14% 8.6 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed Cashback 2 years 5.19% 8.6 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed 2 years 5.39% 8.6 APRC £0.00  
VIRGIN MONEY Moving Home Everyday Fixed Cashback CA Rewards 5 years 4.95% 7.4 APRC £0.00  
VIRGIN MONEY Moving Home Greener NewBuild Fixed Cashback Everyday 5 years 4.64% 7.3 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed Cashback 5 years 4.69% 7.4 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed 5 years 4.89% 7.4 APRC £0.00  
VIRGIN MONEY Moving Home Everyday Fixed 10 years 4.89% 6.3 APRC £995.00  

 

Virgin Money Mortgage Rates: Remortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
VIRGIN MONEY Remortgage Everyday Freedom to Fix Tracker 2 years 5.67% 8.7 APRC £995.00  
VIRGIN MONEY Remortgage Everyday Fixed 2 years 5.19% 8.6 APRC £995.00  
VIRGIN MONEY Remortgage Everyday Fixed 2 years 5.49% 8.6 APRC £0.00  
VIRGIN MONEY Remortgage Everyday Fixed 5 years 4.89% 7.4 APRC £995.00  
VIRGIN MONEY Remortgage Everyday Fixed 5 years 5.09% 7.5 APRC £0.00  
VIRGIN MONEY Remortgage Everyday Fixed CA Rewards 5 years 4.64% 7.3 APRC £895.00  
VIRGIN MONEY Remortgage Everyday Fixed 10 years 4.89% 6.3 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let CA Rewards Everyday Fixed 2 years 5.02% 9.1 APRC £1495.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 2 years 5.24% 9.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 2 years 5.24% 9.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 2 years 5.48% 9.1 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 2 years 5.48% 9.1 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Tracker 2 years 6.35% 9.5 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Tracker Cashback 2 years 6.35% 9.5 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let CA RewardsEveryday Fixed 5 years 4.62% 8.0 APRC £1495.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 5 years 4.92% 8.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 5 years 4.92% 8.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 5 years 4.97% 8.0 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 5 years 4.97% 8.0 APRC £0.00  

 

Virgin Money Mortgage Rates: Buy-to-Let

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
VIRGIN MONEY Purchase a Buy-to-Let Property CA Rewards
Everyday Fixed
2 years 5.02% 9.1 APRC £1495.00  
VIRGIN MONEY Purchase a Buy-to-Let Property
Everyday Fixed Cashback
2 years 5.24% 9.2 APRC £995.00  
VIRGIN MONEY Purchase a Buy-to-Let Property
Everyday Fixed Cashback
2 years 5.48% 9.1 APRC £0.00  
VIRGIN MONEY Purchase a Buy-to-Let Property
Everyday Tracker Cashback
2 years 6.35% 9.4 APRC £995.00  
VIRGIN MONEY Purchase a Buy-to-Let Property CA Rewards
Everyday Fixed
5 years 4.62% 8.0 APRC £1495.00  
VIRGIN MONEY Purchase a Buy-to-Let Property
Everyday Fixed Cashback
5 years 4.92% 8.1 APRC £995.00  
VIRGIN MONEY Purchase a Buy-to-Let Property
Everyday Fixed Cashback
5 years 4.97% 8.0 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let CA Rewards Everyday Fixed 2 years 5.02% 9.1 APRC £1495.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 2 years 5.24% 9.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 2 years 5.24% 9.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 2 years 5.48% 9.1 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 2 years 5.48% 9.1 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Tracker 2 years 6.35% 9.5 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Tracker Cashback 2 years 6.35% 9.5 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let CA RewardsEveryday Fixed 5 years 4.62% 8.0 APRC £1495.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 5 years 4.92% 8.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 5 years 4.92% 8.1 APRC £995.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed 5 years 4.97% 8.0 APRC £0.00  
VIRGIN MONEY Remortgage Buy-to-Let Everyday Fixed Cashback 5 years 4.97% 8.0 APRC £0.00  

 

Virgin Money Mortgage Rates FAQs

What is the 30/30/3 rule in mortgage?

The 30/30/3 rule is a guideline used by some mortgage lenders in the UK to assess a borrower's ability to repay a mortgage-- we are not sure if Virgin money uses this, plus it is more of a guideline for consumers and a real rule or law for lenders. The rule suggests that borrowers should aim to meet the following criteria:

Mortgage repayments should not exceed 30% of their gross monthly income. This means that borrowers should spend no more than 30% of their monthly pre-tax income on mortgage repayments.

Total debt repayments should not exceed 30% of their gross monthly income. This includes mortgage repayments, credit card debts, car loans, and any other debts. Borrowers should not spend more than 30% of their monthly pre-tax income on debt repayments.

Have a minimum of three months' worth of living expenses saved: This means that borrowers should have enough savings to cover their living expenses, such as food, utilities, and transportation, for at least three months in case of an emergency or unexpected financial setback.

How do I ask Virgin Money for a lower interest rate?

If you wish to ask Virgin Money for a lower interest rate in the UK, follow these steps:

  1. Conduct research on current interest rates: Prior to approaching Virgin Money, research the interest rates offered by other lenders in the market. This will provide you with an idea of the interest rates that you could potentially negotiate with Virgin Money.
  2. Check your credit score and payment history: Your credit score and payment history can impact your ability to negotiate a lower interest rate. Verify that your credit report is accurate and up-to-date and ensure that you have a good history of making timely payments.
  3. Create a list of reasons why you are deserving of a lower rate: Identify factors that may make you a good candidate for a lower interest rate, such as a good credit score, a long-standing relationship with the bank, or a history of timely payments.
  4. Contact Virgin Money: Get in touch with Virgin Money via phone, email, or in-person and explain that you would like to negotiate a lower interest rate on your loan. Provide the reasons you have identified for why you deserve a lower rate and inquire about the options they can offer.
  5. Be ready to negotiate: Virgin Money may offer you a lower rate, but it may not be the most competitive rate available in the market. Be ready to negotiate and ask for a better rate if you don't believe you're receiving a good deal.

Remember that Virgin Money may not always agree to lower your interest rate, but it is worth attempting. If you are not satisfied with the outcome of your negotiation, consider switching to a different lender that provides a more competitive rate.

Is it better to get a mortgage from Virgin Money or a broker?

Deciding whether to get a mortgage Virgin Money or a broker depends on your personal circumstances and preferences. Here are some factors to consider:

Range of products: Banks offer their own mortgage products, whereas brokers work with a panel of lenders and can offer a wider range of mortgage products. If you have unique financial circumstances or need a specialized mortgage product, a broker may be better suited to finding the right product for you.

Cost: Banks may charge arrangement fees or other charges that brokers do not. Brokers earn their commission from the lenders they work with, which may or may not be passed on to you. It is important to compare the costs of a mortgage from both a bank and a broker to determine which one is more cost-effective for you.

Convenience: Applying for a mortgage through a bank is straightforward, as you are dealing directly with the lender. Brokers can save you time by researching and comparing mortgage products on your behalf.

Expertise: Brokers are often experts in the mortgage market and can offer advice on which mortgage product is right for your individual circumstances. Banks may have mortgage advisers who can help you, but they will only be able to offer products from their own bank.

In conclusion, both banks and brokers have their own advantages and disadvantages. It is important to weigh up the pros and cons of both options and determine which one is best suited to your individual circumstances. It is always advisable to do your own research and compare mortgage products from different lenders to find the most suitable mortgage deal for you.

How do I ask Virgin Money for a lower interest rate?

If you wish to ask Virgin Money for a lower interest rate in the UK, follow these steps:

  1. Conduct research on current interest rates: Prior to approaching Virgin Money, research the interest rates offered by other lenders in the market. This will provide you with an idea of the interest rates that you could potentially negotiate with Virgin Money.
  2. Check your credit score and payment history: Your credit score and payment history can impact your ability to negotiate a lower interest rate. Verify that your credit report is accurate and up-to-date and ensure that you have a good history of making timely payments.
  3. Create a list of reasons why you are deserving of a lower rate: Identify factors that may make you a good candidate for a lower interest rate, such as a good credit score, a long-standing relationship with the bank, or a history of timely payments.
  4. Contact Virgin Money: Get in touch with Virgin Money via phone, email, or in-person and explain that you would like to negotiate a lower interest rate on your loan. Provide the reasons you have identified for why you deserve a lower rate and inquire about the options they can offer.
  5. Be ready to negotiate: Virgin Money may offer you a lower rate, but it may not be the most competitive rate available in the market. Be ready to negotiate and ask for a better rate if you don't believe you're receiving a good deal.

Remember that Virgin Money may not always agree to lower your interest rate, but it is worth attempting. If you are not satisfied with the outcome of your negotiation, consider switching to a different lender that provides a more competitive rate.

What makes mortgage rates go down?

There are several factors that can cause UK mortgage rates to go down, including:

Bank of England base rate: The Bank of England sets the base rate, which is the interest rate that it charges banks and other lenders to borrow money. When the Bank of England lowers the base rate, it can lead to lower mortgage rates as lenders can offer mortgages at lower interest rates.

Competition among lenders: When there is increased competition among lenders, they may lower their mortgage rates to attract more customers. This can be driven by factors such as changes in the wider economic environment or changes to regulatory policies.

Economic factors: Economic factors such as inflation, employment rates, and GDP growth can also impact mortgage rates. When the economy is strong and stable, lenders may feel more confident to offer lower mortgage rates.

Global economic conditions: Global economic conditions such as changes to interest rates in other countries or changes to currency exchange rates can also impact UK mortgage rates. This is because global economic conditions can affect the wider UK economy and in turn, the interest rates that lenders offer.

In summary, UK mortgage rates can be influenced by a variety of factors including the Bank of England base rate, competition among lenders, economic factors, and global economic conditions. It is important to keep these factors in mind when considering a mortgage and to consult with a financial expert to determine the most appropriate course of action for your individual circumstances.