Say hello to Greener Mortgages

27 May 2021

We’ve launched new Greener Mortgages for customers purchasing energy-efficient new build homes.

Our Greener Mortgages give customers access to a range of new build products that are priced at 0.10% lower than our equivalent core products.

Greener Mortgages - New Build Deals

• 85% LTV 2 and 5 year fixed rates starting from 2.33%
• 75% LTV 2 and 5 year fixed rates starting from 1.44%
• 65% LTV 2 and 5 year fixed rates starting from 1.25%

Help to Buy Equity Loans

• 75% LTV 2 and 5 year fixed rates starting from 2.00%

These purchase deals come with £300 cashback for residential applications and £500 cashback for Help to Buy applications. A £995 fee applies.

To qualify, customers must be purchasing a new build residential home with a certified or predicted energy rating of A or B. This will be evidenced by an Energy Performance Certificate (EPC), a Predicted Energy Assessment (PEA) or a Standard Assessment Procedure (SAP) calculation.

Our New Build lending criteria applies. For information on our requirements and eligibility, visit our Lending Criteria.

A brighter future

We’ve partnered up with Carbon Neutral Britain and for every Greener Mortgage that completes, we will fund environmental projects, such as the development of wind, solar and hydro renewable energy. The funding will offset the equivalent of the average UK home’s carbon emissions for an entire year*.

Together, we’re also aiming to plant 100,000 trees from the sale of our Greener Mortgages.

We’ve reduced Virgin Money rates

We’ve also reduced the rates on the following Virgin Money BTL mortgages:

Core

• 75% LTV 2 Year Fixed Rate with £995 fee has been reduced by 0.02%.
• 75% LTV 5 Year Fixed Rate with £995 fee has been reduced by 0.05%.
• 75% LTV 5 Year Fixed Rate with £1,995 fee has been reduced by 0.05%.

Product Transfer

• 75% LTV 2 Year Fixed Rate with £995 fee has been reduced by 0.02%.
• 75% LTV 5 Year Fixed Rate with £995 fee has been reduced by 0.05%.

To confirm what we said on 25 May, we’ve now withdrawn our Exclusive 90% LTV 2 Year Fixed Rate.

If you’ve got any questions, you can get in touch with your Business Development Manager or dedicated Regional Service Team.

*The average UK home’s carbon emissions derived from heating and lighting the home are 5 tonnes of CO2 per annum. Source: Carbon Neutral Britain