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Table of Contents
Current Virgin Money Mortgage Rates
The Virgin Money mortgage rates below are updated at least daily.
To find the right Virgin Money mortgage deal for you, tell us whether you’re remortgaging, a first-time buyer, or purchasing a new property to move home. Then select the loan-to-value (LTV) bracket that applies to you, and ‘Update Results’.
To work out your loan-to-value, divide the amount you’re looking to borrow by the value of the property you’re buying, and times the number you get by 100 – you don’t need exact figures, an estimate is fine for now.
PROMOTION
Virgin Money Fixed-Rate Mortgages
PROMOTION
Virgin Money Tracker Mortgages
Important Information:
The data in this mortgage product comparison service is provided by L&C Mortgages. Information is updated up to once daily from L&C’s whole of market mortgage database, however some products may only be available directly with a lender. By selecting to Check If You Qualify you will be introduced to L&C Mortgages and their qualified advisors. NerdWallet brings you this mortgage product comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fees and charges. Mortgage suitability is specific to your own personal and financial circumstances.
Want to see how Virgin Money mortgage rates compare?
Check current mortgage rates from other lenders.
Who can get a Virgin Money mortgage?
Virgin Money mortgages are available to first-time buyers, people looking to move home, and existing mortgage borrowers who need a new remortgage deal.
Every mortgage lender has eligibility requirements and affordability tests you’ll need to pass to be offered a mortgage. Check if you qualify for a Virgin Money mortgage through our tables above.
What types of mortgages does Virgin Money offer?
Virgin Money offers fixed-rate mortgages and tracker mortgages.
With a Virgin Money fixed-rate mortgage, your mortgage rate will remain the same for the period of time you’ve fixed, giving you peace of mind over your monthly repayments. Virgin usually offers fixed-rate deals allowing you to fix for two, three, five or 10 years, and sometimes other periods.
With a Virgin tracker mortgage, your mortgage rate will rise and fall in line with movements in the Bank of England base rate of interest for a set period of time. This means your monthly repayments will fall if interest rates go down, but will also rise if rates go up.
Once your initial fixed or tracker period ends, you’ll automatically move over to Virgin’s standard variable rate, unless you remortgage to a new deal.
» MORE: Should I get a fixed or variable rate mortgage?
How to get the best Virgin Money mortgage rates
Getting the best Virgin Money mortgage rate relies on several factors. These include your personal situation, your credit score, and the size of your deposit or the amount of equity you have in your home if you already have a mortgage. The type of mortgage you’re considering will be important too.
To improve your chances of getting a good mortgage rate from Virgin Money:
- Make sure your credit score is as good as it can be.
- Save as big a mortgage deposit as you can.
- See if you can cut back on your spending to help with affordability checks.
- Try to pay off your debts to show a lender you can be trusted as a borrower.
Crucially, you need to find the lowest mortgage rate among the mortgage deals suitable for you and your circumstances. Any mortgage fees and particular features you may want from a mortgage, such as the rules around overpaying, should come into your thinking too.
If you want to discuss your mortgage options, NerdWallet has partnered with L&C, the UK’s leading fee-free mortgage broker, to offer you expert advice.
Virgin Money Mortgage Rate FAQs
Virgin Money reviews its mortgage deals regularly because it is competing with other lenders to attract customers by offering homebuyers the best mortgage rates that it can. Sometimes this may mean Virgin Money mortgage rates will go down, other times they could rise.
Virgin Money receives a NerdWallet rating of four stars out of a potential five for its mortgage offering.
» MORE: Virgin Money mortgage review
Mortgage rates are often changing, so the lowest rate available may be different from one day to another. See our mortgage rates page to find out which lender is offering the best mortgage rate right now.
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