Virgin Money Increases Selected 95% LTV Fixed Mortgage Rates: What UK Borrowers Need to Know

Virgin Money Announces Rate Increases on High Loan-to-Value (LTV) Mortgages

Virgin Money, a prominent UK mortgage lender, has announced upcoming increases on selected fixed-rate mortgage products for home buyers with a 5% deposit (95% LTV). The changes come into effect on Thursday, 31 July, 2025, impacting those seeking competitive deals on high-LTV mortgages. This update is especially relevant for first-time buyers and applicants with small deposits who are considering securing a fixed-rate mortgage soon.

Key Changes to Virgin Money’s Mortgage Rates

• 95% LTV 2 Year Fixed Rate (Fee-Saver): Increasing by 0.10% to 5.04%.
• 95% LTV 5 Year Fixed Rate (Fee-Saver): Increasing by 0.20% to 4.89%.

These rate changes apply to new purchase applications submitted from 31 July 2025. Current Virgin Money rates remain available if applications are submitted before 8pm today, giving prospective borrowers a brief window to lock in previous (lower) rates.

How Do These Rate Changes Affect Borrowers?

For home buyers with just a 5% deposit, the 95% LTV mortgages are an essential route onto the property ladder. The increase means:

• Monthly repayments will be slightly higher for those securing these products after the change.
• First-time buyers and low-deposit buyers might see reduced affordability or need to review other options.
• Borrowers with an application in progress are encouraged to submit required documentation quickly to secure current rates, as lenders’ offers can change rapidly.

Who Benefits – and What Should You Do?

These changes impact applicants with small deposits, especially:

• First-time buyers seeking 95% LTV mortgage products on a fixed rate.
• Home movers who are reliant on a minimal deposit product due to the high cost of moving.

Applicants considering a Virgin Money mortgage should act promptly—rate certainty can provide peace of mind in a fluctuating interest rate environment. Submitting your mortgage application and all supporting documents as soon as possible helps avoid missing out on a better rate.

Special Features & Promotions to Consider

• Fee-Saver Option: These products do not charge an arrangement fee, which can save upfront costs for borrowers.
• Fixed-Term Security: Locking in a fixed rate provides predictable monthly repayments and protection against further interest rate rises.

While no additional promotions have been announced alongside this update, Virgin Money is well known for clear application processes and competitive high-LTV offerings.

Why Choose Virgin Money for Your Mortgage?

• Wide Product Range: Virgin Money offers a selection of fixed and tracker mortgages, catering to both first-time buyers and established homeowners.
• Trusted UK Lender: FCA-authorised, providing transparent advice and regulated mortgage options.
• Fee-Saver Products: Reduce your upfront costs with products that do not require a separate arrangement fee.
• Application Support: Efficient processing and dedicated service teams mean clear communication throughout the mortgage journey.

How to Secure Your Best Mortgage Deal

With frequent changes to mortgage rates and lending criteria, timing and preparation are critical. To explore the latest best mortgage rates UK, and to get help with your application before these changes take effect, contact our fully qualified mortgage advisers today. We compare quotes from all major UK lenders and tailor our advice to your individual circumstances—whether you’re a first-time buyer, home mover, or looking to remortgage.

Ready to get started? Call us on 02392 006428 or let us know your details to receive friendly, expert guidance on the best 95% LTV mortgages for you.

FAQs – Virgin Money Mortgage Rate Updates

• Who qualifies for Virgin Money’s 95% LTV fixed-rate products?
  Answer: UK-based residential mortgage applicants with at least a 5% deposit (subject to credit and affordability checks) are eligible. Always check lender-specific criteria for affordability and property requirements.
• How does the rate increase affect my monthly repayments?
  Answer: A higher fixed rate means monthly payments will be slightly higher, typically adding £10–£20 per month per £100,000 borrowed, depending on the rate and loan term.
• Is Virgin Money suitable for first-time buyers?
  Answer: Yes. Virgin Money’s 95% LTV products are designed for first-time buyers or those with smaller deposits, offering competitive fixed-rate options with no upfront arrangement fees.
• How can I apply or find out if I qualify for these rates?
  Answer: You can apply directly or through a mortgage advisor. Contact us to discuss your eligibility or to start your application and ensure you lock in the best available rate before changes take effect.
• What if I need extra time to submit documents?
  Answer: Prompt submission is vital; lenders may cancel applications if documents aren’t received within 7 days. Contact your broker or lender immediately if you expect delays.