Virgin Money suits higher-earning contractors and those on fixed-rate or retainer-style contracts, with flexibility that can help less standard income shapes. Part of the wider Virgin group, it offers a useful alternative door to Clydesdale and the group’s other brands.
| Criteria Requirement | Assessment Policy |
|---|---|
| Income basis | Day rate / contract–based assessment |
| Day-one lending | Case-by-case |
| Minimum history | Standard |
| IR35 (inside) stance | Contractor-friendly assessment |
| Umbrella accepted | Yes |
| Limited company | Yes |
| Gaps between contracts | Standard |
| Adverse credit | Clean credit preferred |
| Underwriting | Hybrid |
| Broker access | Direct & intermediary |
Yes — it's a frequent choice for higher earners and can offer useful flexibility on less standard contract shapes. Exact terms are confirmed live at application.
It can consider fixed-rate and retainer-style contracts within its contractor approach. Specifics are confirmed at application.
On a contract or day-rate basis for qualifying contractors, reading the contract rather than relying solely on accounts.
Both sit within the Virgin Money group, offering different criteria personalities — we check across the group's brands for the best fit.
Yes to both, with appropriate income evidence for each structure.
Speak to our contractor mortgage specialists to check live Virgin Money rates and verify your borrowing capacity.