Virgin Money
| Use attributes for filter ! | |
| Founded | 1995 |
|---|---|
| Founders | Richard Branson |
| Areas served | United Kingdom |
| Australia | |
| South Africa | |
| Type of business | Privately held company |
| Private company limited by shares | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 644469 |
About Virgin Money
Virgin Money is a financial services brand used by three independent brand-licensees worldwide. Virgin Money branded services are currently available in Australia, South Africa and the United Kingdom. Virgin Money branded services were formerly offered in the United States.
Vogue editor Edward Enninful named UK's most powerful black person
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HS2: 'Crazy' not to review project over soaring costs - Shapps
... The bosses of dozens of businesses and business groups - including Manchester Airports Group, British Land, Virgin Money, and the Northern Powerhouse - all signed a letter to the government urging renewed commitment to HS2, saying that repeated mixed signals are damaging the UK s reputation and the wider supply chain...
HS2: Johnson warns against 'mutilated' version of HS2
... The bosses of dozens of businesses and business groups - including Manchester Airports Group, British Land, Virgin Money, and the Northern Powerhouse - have all signed the letter to the government urging renewed commitment to HS2, saying that repeated mixed signals are damaging the UK s reputation and the wider supply chain...
Virgin Money to shut a third of its UK bank branches
...By Faarea MasudBusiness reporterVirgin Money will close 39 of its UK banks as fewer people use bricks and mortar branches and move to online banking, the firm said...
UK banks can withstand fresh crisis, key test finds
... The banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander UK, Standard Chartered, Nationwide Building Society and Virgin Money...
UK banking rules face biggest shake-up in more than 30 years
... Reforms of ring fencing are aimed at mid-size banks such as Virgin Money and TSB...
Fraud victims 'devastated' by Revolut's response
... I m wiped out Deborah, a dog groomer in North Yorkshire, had given her Virgin Money bank details to a fraudulent website that she thought was legitimate while online shopping...
Mortgage rates rise sharply as squeeze tightens
... In recent days, major lenders such as NatWest, Nationwide and Virgin Money have increased their rates...
Bank of mum and dad 'one of UK's biggest mortgage lenders'
Parents spend so much money to get their children onto the housing ladder that they are now among the biggest lenders in the UK, a survey suggests.
The average parental contribution for homebuyers this year is £24,100, up by More Than £6,000 compared to Last year, according to Legal & General (L& G).
Collectively parents have given £6. 3bn, high enough to rank The Bank of mum and dad 10th if it was a mortgage lender.
Clydesdale Bank , the UK's 10th largest mortgage lender Lent £5bn Last year.
L& G said thousands of UK buyers were reliant on their parents to either get onto the housing ladder in the First Place , or upgrade to a larger home.
Almost a fifth of those who said they had, or would help A Family member buy a home, said it was because they felt it was their personal responsibility to help out.
But the Financial Services firm warned that parents' generosity could hurt their standard of living in retirement.
UK's biggest mortgage lenders in 20181. Lloyds Banking Group £42. 5bn
2. Nationwide £35. 7bn
3. Royal Bank of Scotland £30. 5bn
4. Santander Uk £28. 3bn
5. Barclays £23. 1bn
7. Coventry Building Society £9. 2bn
8. Yorkshire Building Society £8. 7bn
9. Virgin Money £6. 8bn
10. Clydesdale Bank £5bn
*Data from
L& G's research, based on a poll of 1,600 parents, found More Than half were using cash to help their children, but others were withdrawing money from their pensions or said they would consider using equity release from their homes.
Despite this, it found that More Than a quarter of those surveyed were not confident they had enough money to Last through their retirement.
Meanwhile, 15% said they had already accepted a lower standard of living due to helping out their children.
Chris Knight , chief executive of L& G's Retail Retirement division, said retirees had "a vast range of considerations" to take into account when deciding whether to help out, including "setting aside funds for any future care needs they may have".
"Many are using their pensions and savings to help out and unfortunately this could be leaving some facing a poorer retirement," he said.
personal finance, housing market, companies, banking
Source of news: bbc.com
