13 Sep 2024
Virgin Money & Hive Launch Retrofit Boost “Green” Mortgage
In July, Virgin Money introduced a new mortgage product called the Retrofit Boost Mortgage with the aim to help homeowners improve the energy efficiency of their home by offering cashback between £3,000 and £15,000.
What is the Retrofit Boost Mortgage?
Virgin Money, in partnership with Hive Energy are offering customers between £3,000 and £15,000 cashback to spend on making their homes more energy efficient. This new product is an option for customers looking to lower their living costs and futureproof their homes. Lowering energy bills and making home improvements could help to boost the value of their property.
Products available
|
Product |
Cashback |
|
Five-year fixed |
£3,000 |
|
Seven-year fixed |
£10,000 |
|
Ten-year fixed |
£15,000 |
You can borrow between £150,000 and £500,000 and it is available to residential and buy-to-let for both purchase and remortgage. It’s worth noting that the interest rates on the Retro Boost Mortgage products are higher than Virgin’s other products to compensate for the cashback they are providing.
Home improvements
Improvements allowed can vary and include adding solar panels to your roof and installing a heat pump. The improvements you choose to make will depend on how much cashback is available but there are lots of options available.
This mortgage product is only available through intermediaries and the team at Mortgage Required would be happy to talk through whether this is the right option for you.
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Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Private Rented Sector Database 2027
Yesterday
As part of the Renters Rights Act 2025, a mandatory registration system for private landlords in England will be introduced in 2027.
The Private Rented Sector (PRS) Database will hold information on private landlords renting properties in England under assured or regulated tenancies.
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13 days ago
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Autumn Budget 2026: Key Points
15 days ago
On Wednesday 28th October, Chancellor John Healey delivered the 2026 Autumn Budget.
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In September 2026, they extended this to a wider range for those moving home. Eligible homeowners looking to purchase their next property can access the delayed start mortgage, which could help with the overlap between properties, solicitor, removal, and repair costs.
What is a Mortgage Stress Test?
23 days ago
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There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Leaseholders to be given extra protection
30 Sep 2026
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
More information
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