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The Latest Breaking News from Virgin Money

NatWest and Virgin Money cut rates as mortgage ‘price war’ spreads

Big lenders become latest to reduce borrowing costs, joining four other UK home loan providers this week

The Guardian - UK

List of 39 Virgin Money branches set to close

The banking business will close almost a third of its UK branches, bringing its estate down to 91 branches.

The Independent UK

Virgin Money to shut 39 bank branches with 255 jobs facing axe

It blamed the plans on changing customer demand, which has seen fewer people go into banks in favour of online services.

Evening Standard

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Major bank to shut down six Scottish branches

A MAJOR bank is shutting six of its Scottish branches as customers “change they way” they use its services.

The National (Scotland)

Average 5-year fixed-rate mortgage hits 6.3 per cent deepening UK’s home loan misery

Britain’s home loan misery was growing on Friday as the average five-year fixed-rate mortgage hit 6.3 per cent.

Evening Standard

UK’s biggest mortgage lenders in 2022 ranked

Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables.

The Independent UK

Holiday spending by bank’s customers jumped by 40% annually this spring

Virgin Money said the total value of spending on getaways increased by 40% when comparing March to May 2023 with the same period a year earlier.

The Independent UK

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Virgin Money backs Ayrshire wind farm with £14 million funding

Banks Renewables has also submitted proposals for a new wind farm to South Lanarkshire Council

Insider UK

Banks and building societies NOT hiking mortgages after rate rise - see full list

The base rate rise is another blow to people with mortgages as the cost of their homes may increase even more as these are usually linked to the base rate

Daily Mirror

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Wales Online

People on the move: key appointments and promotions of the week

Companies featuring in this week's round-up include Gentoo Group,

Birmingham Post

Big banks offering ‘measly’ savings rates to loyal customers, say MPs

The Treasury Committee found that a ‘loyalty penalty’ was especially prominent for elderly and vulnerable customers.

The Independent UK

Atom Bank appoints former Virgin Money man Lee Rochford as chairman

Mr Rochford helped Virgin Money to float on the London Stock Exchange in 2014

Birmingham Post

Five steps to help prevent sleepless nights due to money worries before next pay day

A new study suggests finances are keeping nine in 10 people awake at night.

Daily Record

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The National (Scotland)

Fergus Ewing replaces Mairi Gougeon to open Scotland’s Beef Event

CABINET Secretary Mairi Gougeon has pulled out of attending Scotland's Beef Event.

The Independent UK

Treasury Committee expands campaign to encourage banks to boost savings rates

The Treasury Committee said it has written to Nationwide Building Society, Santander, TSB and Virgin Money about their easy access savings accounts.

Glasgow Live

Virgin, Bank of Scotland and TSB Glasgow bank branches to shut - full list

Some branches in Scotland, including Glasgow, will close their doors this year with many moving services online. Here is the full list of branches affected.

Birmingham Post

Virgin Money profits fall amid higher provisions for customer arrears

The bank played down cost of living fears and said its lending books showed no signs of stress

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The Guardian - UK

Do your homework if you want to grab rising savings rates

Inflation has brought some good news – for savers. But the best deals may not be around for long

Evening Standard

City exec to take on London Marathon in wheelchair after MS left her unable to walk

A City executive with multiple sclerosis is attempting to complete the London Marathon in her wheelchair despite using one for less than a year.

Glasgow Live

Glasgow bank branches 'condemned' by closure including Bank of Scotland and Barclays

Multiple bank branches in and around Glasgow are set to shut down as the number of physical banks continues to fall. This include branches for Bank of Scotland, Royal Bank of Scotland and Barclays.

Birmingham Post

Younger staff prioritise flexible working over pay and promotion, Virgin Money says

A study by the Bank posed questions to Millennials and Gen Z-ers

Daily Record

Check if you could be due up to £5,300 extra each year with Turn2us online benefits calculator

The online benefits calculator is free, confidential and only takes 10 minutes to use.

The Guardian - UK

UK mortgage deals: how to navigate the rollercoaster rates ride

Amid a debate about what is happening to the housing market, what are your options?

Daily Mirror

Virgin Money, TSB and Nationwide bank account holders warned over online security risk

The study conducted by Which? and the independent security experts at Red Maple Technologies looked at 13 of the biggest account providers to assess their security when it comes to online and mobile banking

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