menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Virgin Mon...
source image

Guardian

2d

read

89

img
dot

Image Credit: Guardian

Virgin Money mortgage holders cry foul over owner Nationwide’s better deals

  • Some Virgin Money customers feel disadvantaged as Nationwide borrowers are offered better mortgage deals, despite both being part of the same group.
  • After Nationwide acquired Virgin Money, the brands operate separately and customers cannot easily switch between the two for better deals.
  • Nationwide gained a £2.3bn benefit from the acquisition, allowing them to provide windfalls to members, while both brands offer different mortgage rates to customers.
  • Customers with expiring fixed-rate mortgage deals are concerned about potential payment increases when switching to new products, but like brands within the same group, they cannot switch seamlessly.

Read Full Article

like

5 Likes

For uninterrupted reading, download the app