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UK's 9th largest lender

Virgin Money lent just under £7bn in 2018. That's 2.5% of all mortgage lending.

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13 day approval time

That’s 7 days faster than the 20 day average across our lenders.

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Borrow 5x your income

You could borrow up to this amount if you meet the lender's requirements.

About Virgin Money

Virgin Money is one of the UK’s largest mortgage lenders. 

They provided 2.5% of all mortgages in 2018, totalling £6.8 billion¹.

They offer mortgage deals to many people but often will not lend to you if you have bad credit.

In this review we'll cover:

Compare Virgin Money mortgages

Compare Virgin Money mortgages and see how your monthly payments would change depending on the initial period, total mortgage length, your deposit and how much you want to borrow.

After you choose a Virgin Money mortgage deal, one of our expert mortgage brokers can check whether you're eligible and help arrange the mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Your loan to value is 60.00%

Is Virgin Money a good mortgage lender?

We're looking at public complaints data to estimate Virgin Money’s quality of service.

There were 480 complaints from Virgin Money mortgage customers between July and December 2019. 

That’s around 0.15% of customers and is lower than the 1.06% average across major lenders.*

Virgin Money scorecard:

  • Virgin Money is a good mortgage lender for 15 year fixed rates

  • Virgin Money does not offer guarantor mortgages

  • Virgin Money offers offset mortgages 

*The number of customers served by this lender isn’t publicly available so we’ve estimated this figure based on market share and average house price in the UK.

How long a Virgin Money mortgage application takes

In the last 6 months it took Virgin Money an average of 13 days to process mortgage applications from Trussle customers.*

That’s 7 days faster than the 20 day average across all the lenders we’ve submitted applications to.

What affects the time taken to approve my application

The time it takes a lender to approve an application depends on your personal circumstances and how busy the lender is.

It can take as little as 24 hours to approve some applications, but some can take weeks or even months.

The quality of the application can affect the approval time. A mortgage broker can help by making sure your application has all the details the lender needs.

These details were last updated in July 2020.

How much you can borrow from Virgin Money

Virgin Money could lend you up to 5 times your salary.

How much you can borrow will also depend on your:

  • credit history

  • debts

  • deposit

  • regular expenses and bills

  • age

See how much you might be able to borrow with our mortgage calculator.

These details were last updated in July 2020.

Virgin Money mortgage calculator

Calculate how much mortgage Virgin Money could offer to lend you. Calculate your monthly mortgage repayments with Virgin Money.

How much can I borrow?
Mortgage repayment calculator

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

You could borrow up to

Loan to value (LTV):00%
Including your deposit, you could afford a house price up to£000,000
Other fees you may have to pay:
Broker fee(free with Trussle)
Additional fees(learn more)

Next steps

If you're ready to get a mortgage, the next step is to answer a few more questions. Then a Trussle adviser will find the best mortgage deal for you.

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

Types of mortgages Virgin Money offers

Virgin Money offers a variety of mortgages for different types of customers.

Virgin Money offers:

Getting a Virgin Money mortgage

You can get a Virgin Money mortgage either directly from them or from a mortgage broker.

If you’re a first time buyer, check out our guide to find out how the process works.

You may struggle to get a Virgin Money mortgage when you have bad credit.

You will not be accepted for a mortgage with them if you’ve:

  • Had any CCJs (this could be declared or detected, satisfied or unsatisfied)

  • Ever been made bankrupt or had an IVA

  • Been named on a mortgage where the property was repossessed 

  • Ever had a defaulted account (this could be declared or detected, satisfied or unsatisfied)

  • Got any arrears recurring or likely to recur

Virgin Money mortgage offers expire six months from your application date. 

This gives you half a year to finalise everything you need to complete the purchase of your property.

If you cannot buy your home in that time, you’ll have to ask for an extension or apply for a new mortgage offer.

Virgin Money will release mortgage funds on your completion date.

Your completion date is when you pick up your keys and take official ownership of your new home. 

You’ll confirm a completion date with your solicitor once everything is in order and both you and the seller are ready.

Your solicitor will inform Virgin Money of this date, and this is when they’ll release the funds.

You might be able to switch straight over to a new mortgage online, if you’re happy to do so. 

Otherwise, Virgin Money have a team of advisers you’ll be able to talk to about what to do next.

Virgin Money should write to you around four months before your mortgage deal ends, laying out your options in full.

Virgin Money mortgage payments

Virgin Money requires you to make your first payment on the 7th day of the month after you’ve completed the purchase of your property.

For example, if your completion day is 24th April, you’ll have to make your first payment on 7 May. And if you complete on 4 May, your first payment won’t be until 7 June.

Virgin Money has an overpayments calculator you can use to determine how much you could save in interest, as well as when your adjusted mortgage term will end.

You might, however, face an Early Payment Charge if you overpay by too much. 

A Virgin Money Everyday Mortgage, for example, will only allow you to pay up to 10% of your outstanding balance in a single calendar year.


Buildings insurance is the only form of insurance you have to have when you buy a home. 

There’s no requirement to get a life insurance policy if you’re taking out a mortgage with Virgin Money.

It’s up to you whether you get life insurance. Life insurance pays out a lump sum in the event of your death or if you’re diagnosed with a terminal illness.

Looking at pictures

Get a mortgage with Trussle today

  • Our remortgage customers save an average of £171 a month*

  • Trussle is fee-free for most customers**

  • 5-star Trustpilot rating from over 5,000 reviews

  • 12,000 mortgage deals from 90 lenders

  • Skip the paperwork: apply online any time

*The savings figure is from Trussle mortgage customers in September 2022. **You may have to pay a fee depending on your circumstances and credit history. Learn more.

Your home could be repossessed if you don't keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

What people are saying about Trussle...


Deal and rate data was sourced by Trussle. All other information was sourced from Virgin Money’s own website, unless referenced below.

¹ UK Finance: UK House Price Index

² Financial Conduct Authority: Firm specific complaints data