Virgin Money Launches New Exclusive Mortgage Products and Reduces Key Rates – August 2025 Update

Virgin Money Unveils Fresh Exclusives and Rate Reductions for UK Mortgage Applicants

Virgin Money has announced the launch of new exclusive fixed-rate mortgage products and has reduced rates on select deals, effective from August 2025. This latest update introduces competitive options, especially for first-time buyers and those looking to remortgage, strengthening Virgin Money’s position among top UK mortgage lenders.

New Exclusive Mortgage Products: What’s on Offer?

From 5 August 2025, Virgin Money expands its exclusive mortgage range with a focus on making homeownership more accessible, particularly for those with smaller deposits. Here’s what’s new:

• 90% LTV 2-Year Fixed (Fee-Saver): 4.51% – Ideal for buyers with a 10% deposit and no arrangement fee.
• 95% LTV 2-Year Fixed (Fee-Saver): 4.93% – Designed for buyers needing a 5% deposit, with no arrangement fee.
• 90% LTV 5-Year Fixed (Fee-Saver): 4.40% – For those seeking long-term payment certainty with a 10% deposit, no fee.
• 75% LTV Remortgage 2-Year Fixed (Fee-Saver): 4.40% – Suitable for homeowners switching mortgage lender, with no arrangement fee.
• 75% LTV Remortgage 5-Year Fixed (Fee-Saver): 4.17% – For longer-term remortgage planning with a 25% deposit, no fee.

Reduced Rates on Select Existing Mortgages

Alongside new products, Virgin Money is lowering rates on several fixed deals across purchases and remortgages:

• 80% LTV 2-Year Fixed (with £895 fee): Reduced to 3.97%.
• 80% LTV 2-Year Fixed (Fee-Saver): Now 4.23%.
• 75% LTV 5-Year Fixed (with £895 fee): Now 4.02%.
• 75% LTV 5-Year Fixed (Fee-Saver): Down to 4.13%.
• 80% LTV 5-Year Fixed (with £895 fee): Reduced to 4.09%.
• 80% LTV 5-Year Fixed (Fee-Saver): Lowered to 4.23%.
• 75% LTV Remortgage 2-Year Fixed (with £995 fee): Now 3.99%.
• 75% LTV Remortgage 5-Year Fixed (with £995 fee): Now 4.01%.
• Shared Ownership Fixed Rates: Reduced by up to 0.11%, starting from 4.08%.
• Product Transfers (75% LTV 2 & 3-Year Fixed): Rates now from 3.89%.

Who Benefits from Virgin Money’s Latest Update?

First-Time Buyers: High loan-to-value (LTV) options at 90% and 95% make these new deals particularly appealing for buyers with smaller deposits. The fee-saver structure helps keep up-front costs low.

Remortgagers: Homeowners looking to switch lenders and secure a better rate at 75% LTV now have more competitive options and the benefit of fee-saver deals.

Existing Customers: Reduced product transfer rates offer current borrowers an opportunity to lock in lower payments when their current deal ends.

Shared Ownership Buyers: Reduced starting rates make purchasing through shared ownership more affordable.

Key Features and Advantages of Virgin Money’s Mortgages

• Fee-Saver Options: Most new and reduced-rate products waive arrangement fees, making them attractive for cost-conscious applicants.
• Wide LTV Choice: Products cater to buyers with 5% to 25% deposits, supporting both first-time and experienced homeowners.
• Longer-Term Certainty: Multiple five-year fixed rates provide payment stability amid interest rate uncertainty.
• Shared Ownership Support: Enhanced product range for those purchasing via shared equity or shared ownership schemes.
• Streamlined Remortgage Process: Fee-saver remortgage options simplify switching lenders with minimal up-front cost.

Why Choose Virgin Money for Your Next Mortgage?

Virgin Money continues to strengthen its reputation among UK mortgage lenders with:

• Competitive fixed-rate deals across a wide range of deposit sizes.
• Attractive fee-saver options, reducing initial costs for both buyers and remortgagers.
• Responsive rate adjustments, ensuring consistently competitive “best buy” products.
• Products designed for first-time buyers, shared ownership, and customers needing a low-deposit option.

Ready to Find Your Best Mortgage Deal?

This Virgin Money update makes it a compelling time to review your mortgage options, whether buying your first home, remortgaging, or investing. Contact our expert team today for tailored mortgage advice and to find out if you qualify for these exclusive new products.

FAQs: Virgin Money Mortgage Rate Updates – August 2025

• Who qualifies for Virgin Money’s new 90% and 95% LTV mortgages?Typically, first-time buyers or home movers with 5–10% deposit, subject to credit checks and affordability assessments.
• How do these rate reductions affect my monthly mortgage repayments?Lower rates generally mean lower monthly repayments compared to previous versions of the same products, depending on your loan amount and term.
• Are Virgin Money’s mortgages suitable for remortgage and product transfer applicants?Yes, dedicated remortgage and product transfer rates are included in this update to help existing homeowners switch easily and save.
• How can I apply or check if I’m eligible for these exclusives?Speak with a qualified mortgage adviser who can assess your eligibility and assist with your Virgin Money mortgage application.
• What is a fee-saver mortgage product?Fee-saver mortgages come with no arrangement or product fee, reducing the up-front costs at application.