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Article About Virgin Money

The Virgin Group of companies was founded by Sir Richard Branson in 1995. Virgin Money is a financial services company that is based in the United Kingdom. The company began life as Virgin Direct and was most noted for its introduction of PEPs or Personal Equity Plans.

Virgin One was launched in 1997 in conjunction with Virgin Money. In 2000 a price comparison website was launched called virginmoney.com and in 2003 this was combined with Virgin One to become the present organisation. Currently the company offers a credit card through MBNA, a debit card that is prepaid along with other financial products such as:

The company’s first non-uk venture was the launch of its credit card in Australia. The Australian branch of the company is part owned by the Macquarrie Bank Pty. In 2005 it added superannuation and in 2006 home loans was added to its range of products. In the past year the company has introduced teams of freelance contractors who will sell the products direct to individuals.

In 2006 Virgin South Africa was launched and introduced a credit card which was originally in partnership with the ABSA. Finally, following the collapse of Northern Rock in October of this year Richard Branson offered to invest millions in the company in return for a thirty percent stake in the business and the renaming of the company as Virgin Money.

Virgin Money Loans & Mortgages

On their website Virgin money advise anyone who is looking for a Virgin loan to explore all the options available to them before making the decision to borrow money. Virgin loans are not loans actually offered by Virgin as the company really offers a loans search to find borrowers other loan options. This search includes not only the amount that a person may want to borrow but also their preferred rate of repayment. The Virgin Money site shows loans from a number of different providers all with different interest rates; the only one of these companies in which Virgin loans has an interest is Northern Rock.

Virgin Loans

Along with personal loans, the Virgin loans website also offers a comparison of secured loans. Secured loans are loans which are guaranteed against the value of certain assets, most usually a home.

Virgin Mortgages

Virgin mortgages are not mortgages that are offered by Virgin: at the moment Virgin mortgages, like Virgin loans, are largely recommendations from the current market. Virgin works in partnership with two other leading mortgage companies in order to offer flexibility and low rates. At present Virgin mortgages from the Virgin company alone are not available. This makes it very difficult to judge whether Virgin loans and Virgin mortgages are good value for money as neither option at present has the company’s sole backing. For the time being it seems that Virgin remains largely a price comparison site rather than a mortgage and loan company.

Loan-Seeker.co.uk and Virgin Money

Virgin Money is not currently promoted by LoanSeeker. LoanSeeker does not work for Virgin Money and does not guarantee to find you Virgin Money loan or mortgage products. LoanSeeker is not currently employed by, or affiliated to, Virgin Money loans in any capacity. However, LoanSeeker could introduce future LoanSeeker visitors to Virgin Money products if appropriate terms and conditions became available:

As an independently run website, LoanSeeker promotes a number of UK loan and mortgage companies. If you would like to find out about Virgin Money, please visit the official Virgin website: www.virginmoney.com.