Virgin Money Interest Only Criteria: What You Need to Know

Virgin Money has updated its Interest‑Only criteria for 2026, and the changes make them one of the most consistent lenders for high‑earning borrowers. Their approach is clear, structured and supportive of clients who want flexibility today while keeping a strong long‑term plan in place.

This guide explains what Virgin Money looks for and how to strengthen your application.

Why Virgin Money Works Well for Interest‑Only Borrowers

Virgin Money takes a balanced and practical view of Interest‑Only lending. They are a strong option for:

• High earners
• Professionals with stable income
• Borrowers with strong equity
• Applicants with clear repayment plans
• Clients buying higher‑value homes

Their criteria support borrowers who want lower monthly payments without losing sight of future repayment.

Virgin Money’s Key Interest‑Only Criteria for 2026

1. Minimum Income Requirements

Virgin Money requires a minimum household income of £75,000.

This can be:

• One applicant earning £75,000+
• Two applicants with a combined income of £75,000+

This makes them accessible for many high‑earning single applicants.

2. Maximum Loan‑to‑Value (LTV)

Virgin Money offers:

• Up to 75% LTV on full Interest‑Only
• Up to 85% LTV on part‑and‑part

This is helpful for clients with strong deposits or equity.

3. Accepted Repayment Strategies

Virgin Money accepts a wide range of repayment plans, including:

• Sale of the property
• Sale of another property
• Stocks, shares or investment portfolios
• Pension lump sums (with evidence)

They focus on repayment plans that are realistic, documented and achievable.

4. Property Types They Accept

Virgin Money is comfortable with:

• Standard residential homes
• Higher‑value properties
• Homes with annexes or non‑standard layouts (case‑by‑case)

They do not accept:

• Holiday lets
• Multi‑unit freehold blocks
• Properties with significant commercial use

More complex properties may need a specialist lender.

5. Affordability and Stress Testing

Virgin Money’s affordability model is one of the more generous in the mainstream market. It works well for:

• High earners
• Borrowers with low unsecured debt
• Clients with strong surplus income

Their stress rates can increase borrowing power for clients moving to their next home.

Who Virgin Money Is Best Suited For

Virgin Money is a strong match for:

• High‑earning professionals
• Borrowers with £75k+ income
• Clients with a clear repayment plan
• Applicants wanting flexibility
• Home movers buying higher‑value homes

If this sounds like you, Virgin Money is often one of the first lenders we consider.

How MDJ Mortgages Supports Your Application

Interest‑Only lending is criteria‑driven. Small details matter. At MDJ Mortgages, we:

• Review your full financial profile
• Match you with lenders who fit your income and repayment plan
• Compare Virgin Money with other flexible lenders
• Package your case to meet underwriting expectations
• Monitor rates until completion

If you want to explore whether Virgin Money is right for your plans, we’re here to help every step of the way. Contact us today or book a FREE appointment

Risk Warning:

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

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

This information is specific to Virgin; other lenders are available and have different criteria.