Virgin Money ups lending by 38pc

Mortgage Introducer

October 16, 2015

In the nine months to 30 September 2015 the challenger bank lent £5.5bn, up from £4bn over the same period last year, while on a net basis the bank doubled its net lending from £1.3bn in 2014 to £2.6bn in 2015.

Virgin’s share of the gross mortgage lending market has now reached 3.5%, up from 2.8% last year.

Jayne-Anne Gadhia, chief executive, said: “I am delighted with the strong performance of the business in all areas in the first nine months of 2015.

“Q3 has seen a continuation of delivery on our promises on all key metrics. In the same way, we have continued to build out our capabilities and we have made further and considerable progress towards our long-term strategic objectives.

“We remain focused on delivering growth, quality and returns for the benefit of all of our stakeholders.”

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