Switching to a new Virgin Money mortgage rate is usually a quick and straightforward process for existing customers. Our free mortgage product transfer service helps you secure a new mortgage rate up to 120 days before your current mortgage deal ends, protecting you against future rate increases while allowing you to benefit if rates improve before completion.
When can I switch my Virgin Money mortgage?
You can normally reserve a new Virgin Money mortgage product up to 120 days before your current mortgage deal expires. If you are already on Virgin Money's Standard Variable Rate, you can normally switch at any time, subject to eligibility.
How our Virgin Money mortgage switch service works
- Contact our team by telephone or complete our secure online enquiry form.
- We check your eligibility and obtain details of all mortgage products available specifically for your account.
- We provide a clear summary of your current mortgage together with your available mortgage options.
- We explain the available products and help you choose the mortgage rate most suitable for your circumstances.
- Once you have selected your preferred mortgage product, we arrange your Virgin Money mortgage product transfer and guide you through to completion.
Benefits of a Virgin Money mortgage product transfer
- Reserve your new mortgage rate up to 120 days before your current deal ends.
- If Virgin Money launches a lower mortgage rate before your new deal starts, you can normally switch to the lower rate.
- No credit check is normally required for a straightforward product transfer.
- Changes in your personal circumstances, such as reduced income, do not normally prevent a standard mortgage product transfer.
- No property valuation is normally required.
- No legal work is required.
- The application process is generally much quicker and simpler than arranging a full remortgage.
Who is eligible?
You will normally be eligible for a standard Virgin Money mortgage product transfer if you are simply changing your mortgage product without altering your mortgage balance, term or repayment method, and your mortgage account is up to date.
Why use our service?
- Our Virgin Money mortgage product transfer service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options clearly and answer any questions you may have.
- We manage your application from start to finish.
- Where appropriate, we can also compare your Virgin Money mortgage options with products available across the wider UK mortgage market before you make your decision.