Virgin launches new Retrofit Boost products with £7,000 cashback

Virgin Money has expanded its range of Retrofit Boost mortgages with two new products.

The range, which launched in July this year, is designed to help borrowers improve their property’s energy efficiency.

Working with Hive, the Retrofit Boost mortgage offers customers a cashback amount, ranging from £3,000 to £15,000, to make their home more energy efficient. 

Hive has a range of packages for customers that can help make their home more energy efficient and can also help check for grants, and more. Customers are also free to spend their cashback with other suppliers to make the eligible improvements.

Today, Virgin has launched new products for purchase and remortgage with £7,000 cashback.

Five-year fixed rate products start from 5.03% at 75% LTV and 5.33% at 85% LTV, both with no product fee.

Virgin has also announced that, from today, it is removing the minimum loan size on its portfolio buy-to-let product range.