Virgin Money mortgage holders are upset over better deals for Nationwide borrowers

From Yahoo Finance: 2025-05-17 02:01:00

Virgin Money customers are upset over better mortgage deals being offered to Nationwide borrowers, despite both being part of the same group. Nationwide gained a £2.3bn benefit from acquiring Virgin Money last year, leading to £50 payouts to its members. However, the two brands still operate separately, offering different mortgage rates. Borrowers cannot switch between brands without remortgaging, incurring additional costs. Some Virgin customers are facing higher fees compared to their Nationwide counterparts for similar rates. This practice is common among brands within the same group, such as Lloyds and Halifax.



Read more at Yahoo Finance: Virgin Money mortgage holders cry foul over owner Nationwide’s better deals